I Have $3.5 Million Saved, but I’m Still Scared to Retire

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 December 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Steve is in Raleigh. Hi, Steve. How are you?
0:16.7	I'm doing fine. It's great to be with you guys.
0:18.8	You too. How can we help?
0:20.3	So I'm 62 years old,
0:22.4	and I've been trying to think about retirement. The things that are holding me back are, well,
0:27.5	health insurance is one thing. And also the fact that no money will be coming in, but all money
0:35.2	will be going out. And I'm having a hard time getting comfortable with that.
0:40.1	And what I really want is somebody to tell me that I can stop.
0:45.2	What do you mean no money will be coming in?
0:47.6	You mean you won't be earning an income?
0:49.5	That's right.
0:50.7	Okay.
0:51.6	And so do you have a pension?
0:58.2	Do you have a 401K nest egg? Yeah, yeah, I've got 401ks and IRAs and all that stuff. Okay. No pension. No pension. How much is in all those
1:05.8	accounts? Three point five million. Okay. All right. Well, if no money's coming in, it's just because you're not taking any of it is all. Okay. Because let's just be, what do you make a year? Uh, 175. Okay. Way to go, man. I'm proud of you. Well done, Steve. I assume you started with nothing and became a multimillionaire. Yep. I'm very proud of you.
1:28.2	That's amazing.
1:29.6	American Dream is not dead.
1:31.4	Ladies and gentlemen, meet Steve.
1:33.5	So now, so you understand that 3.5 invested in good growth stock mutual funds, if it
1:39.5	averaged 10% would be 350K.
	...

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