Upgrade: I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off — can I afford to retire?

Upgrade: I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off — can I afford to retire?

Hello Catey,

I am a 53-year-old woman who is looking to retire within the next 18 months. I currently have a home that is paid for, which I plan to use as a home base. Outside of that home, my assets are $150,000 in cash savings and $1.4 million in my 401(k). I plan to travel most of the year outside of the U.S. for the first three years of my retirement.

I hope to have a blog documenting…

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