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Retiring at 62: how $470,000 could grow to $800,000 by 73

Original: A Woman Who Retires at 62 With $470,000 in a 401(k) and Lives on the Sale of Her House for 11 Years Will Have About $800,000 at 73, and a $30,000 RMD, Her First Taxable Income in a Decade

A financial planning scenario outlines how a woman retiring at 62 with $470,000 in a 401(k) could live for 11 years on proceeds from selling her house, letting her savings grow to roughly $800,000 by age 73. At that point, required minimum distributions of about $30,000 a year would kick in, marking her first taxable income in a decade.

Why now: Retirement math, tax deferral strategies and RMD rules are hot topics as Americans worry about outliving their savings.

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• A Woman Who Retires at 62 With $470,000 in a 401(k) and Lives on the Sale of Her House for 11 Years Will Have About $800,000 at 73, and a $30,000 RMD, Her First Taxable Income in a Decade · 24/7 Wall St.

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