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Key Points. Although 60 isn’t such a young retirement age, your savings may need to last a bit longer. The 4% rule may be a bit too aggressive if you start tapping your nest egg at 60.
Assuming you simply want to maintain your current standard of living, here's a good rule of thumb: When you're 60 years old, you'll want to have retirement savings on the order of 9 times your ...
Continue reading → The post How to Invest for Retirement at Age 60 appeared first on SmartAsset Blog. ... many investors have used the 60/40 rule which is 60 percent of assets in riskier ...
But by age 60, you should be getting close to your goal as you near retirement age. To determine your retirement goal, you'll first need to consider your expenses. As a general rule of thumb, aim ...
A common rule of thumb is that you'll need around 80% of your pre-retirement income each year after you stop working. So if you're earning, say, $70,000 per year now, you may need roughly $56,000 ...
The firm recommends that individuals age 60 have 8 times their pre-retirement income saved. Fidelity's multiple is 7 times at age 55 and 10 times at age 67. T. Rowe Price 's financial planners are ...