@protectwithpamala: That $600K on your 401(k) statement hasn't been taxed yet. When you withdraw it, the IRS takes its share. At a 22% rate, that's about $132,000, leaving roughly $468,000 you can actually spend. Knowing your after-tax number before you retire changes how you plan. Comment “401k” and my team and I will help you work it out.