Farrell: Social Security will be there for you

  • by: CHRIS FARRELL
  • Updated: March 9, 2013 - 4:27 PM

Q: I read your response to an aggressive saver who wanted to retire at age 52. I am even younger, 47, with $500,000 saved in tax-deferred accounts. My question: Have I saved enough that if I do not touch my savings, can I retire sometime between 59 and 62 even if I don’t save anymore? I expect to need $50,000 a year in today’s dollars and am not counting on Social Security.

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