Regardless of what age you want to retire and not including things like social security benefits, how much money in savings do you think you need to retire?
I think $1.5 million is a fair number for myself.
At $40,000 a year it would last my from age 50 to age 87.5
Though if I retired at say, 65, a total of $1 million might work as well. Though there are a lot of factors involved that vary from case to case.
I think $1.5 million is a fair number for myself.
At $40,000 a year it would last my from age 50 to age 87.5
Though if I retired at say, 65, a total of $1 million might work as well. Though there are a lot of factors involved that vary from case to case.