Can I Retire With $5 Million? Planning the Next Chapter

Money Matters by Allworth Financial

Allworth Financial

Investing, Business, Business:investing

4.7 • 839 Ratings

🗓️ 11 April 2026

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For many investors, the big question is whether $5 million is enough to retire—and this real-life case study shows how to answer it. With Pat out this week, Scott is joined by Allworth advisor Mark Shone to walk through a $5–6 million household navigating retirement while raising kids, funding college, and managing a second marriage. Scott and Mark break down what really matters when asking if you can retire with $5 million—and how to make that decision with confidence. Plus, a physician with $6M+ asks if being all-in on the S&P 500 is a mistake—and what to do instead. What You’ll Learn: How to evaluate if you can retire with $5M How to fund college without derailing retirement When sequence of returns risk actually matters Smart withdrawal strategies for complex situations Why diversification goes beyond the S&P 500 Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

Transcript

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0:00.0	Would you like an opinion on a financial matter you're dealing with?
0:08.7	Whether it's about retirement, investments, taxes, or 401Ks, Scott Hansen and Pat McLean would like to help you by answering your call to join Allworth's Money Matters.
0:19.0	Call now at 83399 Worth. That's 83399 W-O-R-T-H.
0:26.3	Welcome to Allworth's Money Matters. I'm Scott Hanson. Pat McLean is on some sort of extended vacation. At least that's his excuse.
0:34.6	He's gone, I think, three weeks in Asia.
0:38.4	So he is not going to be joining us.
0:40.0	But we still have got a regular, a great program lined up, taking calls, talking about things in the market.
0:45.4	And because Pat's not here, and maybe I was too afraid to do this by myself or too inapt,
0:52.7	or just because I felt like having a guest with me.
0:54.6	I've got Mark shown with me.
0:56.6	Yeah, Mark's been a guest on this program in the past.
0:58.5	Mark's been a financial advisor for decades and one of our partners here at Allworth.
1:02.6	So Mark, thanks for taking some time to join us.
1:04.8	Did you be here, Scott?
1:06.0	Yeah.
1:06.6	Hey, so this show, we're airing this show, excuse me, we're recording this show on the 8th, which is Wednesday, which is the day that the morning after Trump said he was going to obliterate Iran and send him back the Stone Age or whatever he said.
1:23.3	Right, right.
1:24.1	Then said, ah, we're just kidding.
1:25.5	We're going to postpone.
1:27.0	And the market's up
1:28.6	what 1300 points out of the gate yeah two two and a half percent depending on the minute
1:34.0	yeah so this and and who knows i don't know where things are going to finish up or where the markets
	...

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