The Retirement Math Myth: Why Waiting May Not Be the Best Bet The notion that delaying retirement until 62 or 65 is essential for a financially secure golden years has been widely accepted, but research suggests this advice may be misguided.
Nearly one in five Americans want to retire before age 55, and those participating in workplace retirement plans believe they'll need around $1. 2 million to live comfortably.
However, the numbers crunched by financial experts indicate that a household aiming for $10,000 per month may not be anywhere near enough, especially if they're planning to stop working in their 50s.