Following a fall of more than 20% from its peak in early January, the S&P 500 entered 

a bear market, and some investors fear a crash or even recession is imminent.

The volatility of the market can be especially unnerving for retirees. When you will be relying on your savings,

watching your investment portfolio decline in value can be painful. The market is uncertain in the coming weeks and months,

1. Benefits could be reduced by 2034

and nobody knows whether we'll go into recession or not. Would it be a good time to retire if stock prices continued to fall? There are several factors to consider.

When the market slumps, it can be difficult to retire, since your retirement fund could be worth less than 

Should you retire now or wait?

When it is booming. To avoid draining your savings too quickly, you might need to cut back on spending.

Think about how much of your retirement income will come from savings versus other sources, such as Social Security or a pension. 

Think about how long your retirement fund may be able to sustain your income if the market continues to decline.

In addition, market downturns can sometimes last for months or even years. 

Would you have enough savings to last not only until the market recovers, but the rest of your retirement?

You may be able to retire comfortably regardless of what market conditions are like if you have a substantial nest egg

and expect to receive a decent amount from Social Security. It is possible that you will need to cut back

if the market takes a turn for the worse, but that does not necessarily mean you cannot retire right now.

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