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A lot goes into figuring out how much money you need to retire. In the end, the amount you need to retire depends as much on the amount you spend as it does on the amount you have saved.
For example, if you retire at age 62 and collect $16,020 annually from Social Security, you'll need around $84,000 in retirement income from your investment portfolio every year.
If you're looking for a retirement savings goal, you might need a slight shift in your approach to get the best possible outcome. A few established rules can help you determine how much money you ...
Part of growing your retirement fund is knowing how to approach your daily finances in the first place. If you’re unsure where to start, don’t worry — that’s what professionals are for.
One person's retirement income needs will be different from the next, depending on their … Continue reading → The post How Much Money Do You Need to Retire? appeared first on SmartAsset Blog.
Having enough retirement savings means the difference between living comfortably and scraping by on Social Security in your golden years. The trick is knowing how much you need. Experts recommend ...
To find out exactly how much you need saved to retire, GOBankingRates calculated annual expenditures for a retired person in every state after deducting Social Security income, based on data from ...
By breaking down the costs, you can get a much clearer idea of where your money will be going. Read on to find out just how much money you’ll need in retirement if you live to 100.
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