Can you retire with only $200k?

exactly how I would live off $200,000 during retirement. And I'm not talking $200,000 in income, I'm talking about $200,000 as a retirement balance. Now that might not seem like a lot of money. The average person's retiring with $200,000. First things first, I would not work until I was debt free, including no mortgage. Even if I was debt free, I still wouldn't retire before the age of 65. That's when Medicare kicks in. Plus you get an additional 24% on your social security. That means instead of getting $1,500 you'd be getting $1,900 a month. Here's the thing. $200,000 is probably spread out into different accounts. So here's the order of which I would access each account. First place I would pull from is my savings because it's just sitting there and it's ready to go. I'm not gonna pay taxes from withdrawing that money. And then I would pull from a taxable brokerage account because I've already paid taxes on the money that's in there, but I would still pay taxes on the money from selling gains. And then I would focus on a traditional or 401k, because these are gonna be subject to RMDs later on. And that's because I'd wanna be avoiding my Roth contributions. These to grow as much as possible because the money in here is all available to me tax free. Here's the thing. When I draw these two down, I'm focused on converting as much money from my traditional and 401k as possible to Roth so I can maximize tax free savings. As how much out in total, $10,000. That's it. Based off of a 5% drawdown. You're doing the math, that's about $33,000 a year to live off. Now that might seem like absolute peanuts, but let me put this $33,000 a little bit. That most people spend about a third of their income on housing. I would have a paid off home so I wouldn't have to worry about that expenditure. This $33,000 feel more like $50,000. Because of how I'm approaching pulling I'm gonna actually avoid paying a lot of taxes. If we factor in taxes, well now this is gonna feel a little bit more like a $62,000 dollar salary. The median salary today is $60,000. I'm not saying this is something that you should plan for. I think it's just important context on helping you understand whether or not you're just completely screwed if you only retire with $200,000.