I Retired at 61 on a $145K Salary. How Much Can I Safely Spend Each Year?

Running out of money in retirement is one of the biggest fears for a reason. Few things are more jarring than realizing your savings may not last, especially after enjoying the early years of freedom. Returning to work can be painful, and many retirees struggle to earn anything close to their former salary or even perform the same job in their later years.