Hitting the $5 million mark in retirement savings is a milestone that many aspire to, but does it mean you can stop saving altogether? Journalist Gabrielle Olya explores whether this figure represents true financial freedom or simply another checkpoint on the journey to retirement readiness. The piece, featured in GoBankingRates, Nasdaq, Yahoo Finance, and AOL.com titled “Can You Stop Saving With a $5 Million Retirement Nest Egg? Experts Weigh In,” covers how lifestyle goals, market conditions, and withdrawal strategies determine whether that milestone can truly sustain a confident, flexible retirement.
Chief Investment Officer & CEO of R.W. Rogé & Company, Inc., Steven Rogé, offered perspective on what it really takes to make a $5 million nest egg last. He emphasized the importance of durability and discipline over simply chasing returns, explaining that a balanced portfolio with a sensible withdrawal strategy, around 3% to 4%, can provide sustainable income while helping to preserve principal through decades of retirement. Steven also underscored the need to stress-test a plan against market downturns, inflation, and taxes, ensuring that both short-term needs and long-term growth are properly aligned.
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R.W. Rogé & Company, Inc. is an independent, fee-only financial planning and investment management firm serving clients locally and virtually across the country, with Long Island, New York, and Beverly, Massachusetts office locations. R.W. Rogé & Company, Inc. was founded on a “client first” culture and proudly commits to acting in your best interest as a fiduciary. We have helped clients Plan, Achieve, and Live® the life they want since 1986. To learn more about how we do this, as well as our process, explore our detailed overview of services and approach.
