Draw down savings now, collect $54k per year later
Age
64
Location
Naples, FL
Income
Retired ($0)
Saved
$1.1M
A 64-year-old Naples retiree left work at 62 and is living off $1.1M while waiting to claim Social Security at 70 — unlocking $54k per year instead of $35k at 62. The portfolio must bridge six lean years, but the longevity insurance from delayed claiming can pay off handsomely if they live into their 80s.
The earliest retirement age at which this plan does not run out of money is 64. Market risk matters more than that headline: the earliest age that succeeds in at least 80% of 500 Monte Carlo simulations is 64.
| Retire at | Full-time years left | Semi-retired years | Best Monte Carlo success |
|---|---|---|---|
| 64 | 0 | 0 | 100% |
EARLIEST POSSIBLE: Retire at Age 64 Switch to semi-retirement at age 64 (after 0 high-salary years). Portfolio bridges to full retirement at 64.
Growth rate (4.0%) keeps compounding during spending — the extra buffer matters most against bad early-retirement market sequences.
Social Security: $54k/yr starting at age 70 is included. Healthcare: $22k/yr before Medicare at 65.
Across the simulated market histories (in future dollars, not adjusted for inflation), the median portfolio is $888k at 70, $1.18M at 80, $1.45M at 90. In a poor sequence of returns (10th percentile) it is $542k at 70, $661k at 80, $630k at 90.
This example uses illustrative figures and should not be treated as financial advice.