Question: We said we'd retire when our savings hit $5 million. That happened last year, but my husband doesn't feel ready to retire. We're both 66, and I want to enjoy our good health while we still have it. Help!
Answer: In 2022, the last year for which there's data available, the average 66-year-old had $609,230 in retirement savings, according to the Federal Reserve. If you and your spouse are 66 with a $5 million nest egg, you clearly have a lot more money than the typical person your age.
