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I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?

Catey Hill
I’m 53, have $1.4 million in my 401(k), $150,000 in savings and my home is paid off. Can I afford to retire?

Outside of that home, my assets are $150,000 in cash savings and $1.4 million in my 401(k). Whenever I am in the U.S., I plan to work jobs that provide a small income with insurance to offset my expenses until reaching Social Security eligibility.