Can I afford to retire? My wife and I have saved 1.4 million dollars in retirement accounts and we are trying to determine if we have saved enough to retire. We have a small mortgage with only a few years remaining and no other debt and we plan to spend $60,000 per year. I plan to postpone social security to age 70 but we are planning on my wife starting her social security at age 62. How much can we spend without running out of money in retirement and how can we use a bucket strategy to diversify our investments if we do retire early? This is a hypothetical scenario and we use the https://retirementbudgetcalculator.com to crunch the numbers.