Ask an Advisor: I'm 43 With $315K in an IRA, $90K in a Roth and Maxing My 401(k). Is Retirement at 57 Realistic?

A 43-year-old divorced father with a solid retirement savings plan is questioning whether retiring at 57 is realistic. The individual has $315,000 in a traditional IRA, $90,000 in a Roth IRA, $22,000 in an HSA, $8,000 in a 529 account, $30,000 in a traditional 401(k), $25,000 in U.S. i-bonds, $40,000 invested in ETFs, and $20,000 in cash.

They max out their employer's 401(k) and family HSA each year. At age 57, they plan to roll over money from their traditional IRA into their Roth IRA, living on nontaxable income until at least age 62, and then on Roth accounts until age 67, when they would start receiving Social Security benefits of around $3,500 per month. The reporter believes that based on the 4% rule, the individual is on track to meet their retirement goals.