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Is $1 million enough to retire at 55? What Early Retirees Need to Know

According to a 2024 Bankrate survey, one in three working Americans believe they need more than $1 million to retire comfortably. The question, "Is $1 million enough to retire at 55?" is highly personal, and the answer depends less on the total number and more on your specific financial situation, projected expenses, and lifestyle expectations.