Is a million dollars enough to retire at 60? A million dollars is a lot of money. However, is it enough for you to be able to retire peacefully? Well, to help you answer that question, here are some of the things that you need to know.

A Million Dollars is a Great Start

The first thing that you need to know is that a million dollars is a great start. Most Americans that are almost retired, spend around $66,000 per year on food, clothing, transportation, housing, and many other expenses. If you want to be able to cover this without any income from work, you have to do the math.