I'm 42 and Burned Out with $2.25M. Can I Retire Early from My Toxic Job? - 562
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 791 Ratings
🗓️ 30 December 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
Today on Your Money, Your Wealth podcast 562 (an encore of episode 513), Joe Anderson, CFP® and Big Al Clopine, CPA spitball for YMYW listeners in their 40s who are ready to call it quits at work, become financially independent, and retire early. Can they afford to do it? Peter and Joanna want to retire in the next two years. Burned Out and Ready to Retire wants out of his toxic office. If Maryland Chicken Man never earns another dollar, how much can he afford to withdraw from his retirement accounts each year? And Suzanne in Massachusetts is 69 and needs $60K a year for the next 30 years. Is she all right?
(While Joe and Big Al enjoy a little seasonal downtime and Andi recovers from surgery, enjoy this encore presentation of these questions from an early 2025 episode.)
Free Financial Resources in This Episode:
https://bit.ly/ymyw-562 (full show notes & episode transcript)
2025 Key Financial Data Guide - free download
10 Big Retirement Regrets to Avoid (Before It's Too Late) - YMYW TV
Financial Blueprint (self-guided)
Financial Assessment (Meet with an experienced professional)
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Chapters:
00:00 - Intro: This Week on the YMYW Podcast 01:30 - We're 45 and 44. Can We Retire in the Next 2 Years? (Peter & Joanna, NJ) 10:45 - Watch 10 Big Retirement Regrets to Avoid (Before It's Too Late) on YMYW TV, Calculate your Free Financial Blueprint 11:44 - I'm 42 and I Work in a Toxic Office. Can I Afford to Retire? (Burned Out and Ready to Retire, NJ) 21:53 - Download the 2025 Key Financial Data Guide for free 22:53 - I'm 69 and Need $60k/Year for the Next 30 Years. Am I All Right? (Suzanne, MA) 25:40 - I'm 45. If I Never Earn Another Dollar How Much Can I Withdraw Every Year? (Maryland Chicken Man) 35:15 - Outro: Next Week on the YMYW Podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Quick programming note before we get started. Just like 560, episodes 561 and 562, are encores of shows from early 2025 that you might have missed. |
| 0:10.7 | Now, you know, we almost never do that, especially not three weeks in a row. |
| 0:14.1 | So if you're curious, I'll fill you in after the disclosure at the end of the episode. |
| 0:18.1 | Otherwise, enjoy this encore. Happy holidays, YMIW family. |
| 0:22.0 | Today on your money, your wealth podcast number 513, YMIW listeners in their 40s are ready |
| 0:28.2 | to call it quits at work, become financially independent, and retire early. Can they afford to do it? |
| 0:35.0 | Peter and Joanna want to retire in the next two years. Burned out and ready |
| 0:39.3 | to retire once out of his toxic office. If Maryland Chicken Man never earns another dollar, |
| 0:45.6 | how much can he afford to withdraw from his retirement accounts each year? And Suzanne in Massachusetts |
| 0:50.8 | is 69 and needs 60K a year for the next 30 years. |
| 0:55.0 | Is she all right? |
| 0:56.2 | Click Ask Joe and Big Al in the episode description to get a retirement spitball analysis of your own. |
| 1:01.7 | I'm executive producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Al-Clopine CPA. |
| 1:10.0 | Hey, what's up, Big Al? |
| 1:11.9 | Hey, Aloha. |
| 1:14.1 | Yeah. In Hawaii, you're looking good, man. |
| 1:16.7 | Well, I'm more relaxed than typical, which should make for a better show. We'll see. |
| 1:21.1 | Or maybe a worse show. I don't know. I have not had the Mai Tai yet. That's coming after. |
| 1:25.1 | Well, that definitely puts us in a better position |
| 1:27.9 | so we got uh let's see from new jersey greetings from new jersey my name is peter and 45 yo and my |
| 1:37.6 | lovely wife joanna 44 we will both enjoy a good beer to you usually a local i IPA or seasonal. Together we have three kids, |
| 1:45.6 | ages 6 to 10. I've been listening for about a year. While I run to commute to work, |
... |
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