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Can a Married Couple Retire on Social Security Alone?
- What: A married couple can potentially retire on Social Security alone if they have a combined income of around $**4,200** per month.
- Why: This is possible due to the fact that a married couple can combine their Social Security benefits, resulting in a higher total income.
- Signal: However, this assumes that the couple has no other sources of income, such as pensions or retirement accounts.
- Target: To achieve this goal, couples should aim to live modestly, with estimated annual expenses of around $**50,000**.
- Risk: If the couple's expenses exceed their Social Security income, they may need to rely on other sources of income or reduce their standard of living.