Youare trying to decide if you have enough money to retire.Â

Youare trying to decide if you have enough money to retire.  You are expecting $2,500 a month from SocialSecurity.  You have $1.2 million in yourretirement savings, and you only want to use the earnings to live on, which isat an 8% annual rate.  You are currentlymaking $64,000 a year and plan to live on 80% of that amount.  Do you have enough to retire based on thesenumbers?