Marc GubertiSat, Jul 5, 2025, 8:30 PM 4 min readIt takes multiple decades for most people to save enough money for their retirement. You have to grow your income, regularly invest your money, and capitalize on opportunities to minimize your tax bill.A 57-year-old is approaching the finish line and wants enough flexibility to retire at 60. The Redditor shared details about their net worth and laid out how much they want to spend."I'd like to plan for annual expenses of $80,000 per year," the Redditor said.Don't Miss:Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/ShareIs the Redditor being realistic with their goals, or is retiring at 60 a bit of a stretch? Redditors chimed in with their thoughts in the comments.The Redditor is unmarried with no kids and has a $1.9 million net worth. Almost $1 million is in retirement accounts, while another $652,000 is in a brokerage account. All of the retirement funds are accessible penalty-free by the time the Redditor wants to retire.The financial picture gets even better when the Redditor mentions they have a $750,000 home that is fully paid off and a car that has also been paid off. The Redditor currently earns $133,000 per year at a job they enjoy and have a reasonable commute.The Redditor didn't mention their current bills, but with the house and car paid off, the bills are likely low. That was an insight from the top commenter. Another mentioned they would be surprised if the Redditor had any real debt with no mortgage or car payments.Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Become an Investor in This $41.3M Clean Energy Brand TodaySome people said the Redditor could retire tomorrow, and the prospects will look even better if the Redditor works until turning 60. That's three additional years of saving money in tax-advantaged accounts and letting your portfolio grow before you have to start withdrawing from it.If the Redditor follows the 4% withdrawal rule and wants to spend $80,000 per year, the individual needs a $2 million portfolio to retire safely. The Redditor is close enough to that goal and doesn't have to contend with mortgage payments anymore.The Redditor has saved and invested enough money to have a good retirement. The stock market may experience corrections, but if the Redditor puts their capital into more conservative assets, the drops will be less than average.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,279.35 +51.93 (+0.83%)Dow 3044,828.53 +344.11 (+0.77%)Nasdaq20,601.10 +207.97 (+1.02%)Russell 20002,249.04 +22.66 (+1.02%)VIX17.48 +1.10 (+6.72%)Gold3,346.50 +3.60 (+0.11%)PortfolioSign in to access your portfolioSign inTop gainersBMNR Bitmine Immersion Technologies, Inc. 135.00 +76.50 (+130.77%)RUN Sunrun Inc. 10.50 +1.51 (+16.80%)TRIP Tripadvisor, Inc. 17.50 +2.51 (+16.74%)DDOG Datadog, Inc. 155.15 +20.14 (+14.92%)SYM Symbotic Inc. 47.91 +5.71 (+13.53%)Top losersLEN Lennar Corporation 110.12 -4.69 (-4.09%)LEN-B Lennar Corporation 105.62 -4.37 (-3.97%)ESGRP Enstar Group Limited 19.45 -0.79 (-3.91%)HOOD Robinhood Markets, Inc. 94.40 -3.58 (-3.65%)BG Bunge Global SA 78.44 -2.95 (-3.62%)Most activeLCID Lucid Group, Inc. 2.1600 +0.1100 (+5.37%)NVDA NVIDIA Corporation 159.34 +2.09 (+1.33%)INTC Intel Corporation 22.49 +0.61 (+2.79%)F Ford Motor Company 11.81 +0.04 (+0.34%)TSLA Tesla, Inc. 315.35 -0.30 (-0.10%)Earnings eventsTrending tickersGRNY Tidal Trust III - Fundstrat Granny Shots US Large Cap ETF 22.87 +0.23 (+1.02%)LKNCY Luckin Coffee Inc. 38.49 +0.50 (+1.32%)MMM 3M Company 152.94 -1.03 (-0.67%)LRCX Lam Research Corporation 98.81 -0.02 (-0.02%)SCHD Schwab U.S. Dividend Equity ETF 27.35 +0.04 (+0.15%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.