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However, if you do decide to start claiming Social Security at 62 — years ahead of your full retirement age of 67 (if you were born after 1959) — you can expect a reduction of 30% in your ...
The problem with giving a general calculation of how long your specific retirement funds will last is that no rule will do this perfectly, including the 4% rule. Some drawbacks to the 4% rule include:
Running some different scenarios through a retirement calculator can help you estimate how long your money should last. Example #1: You have $1 million in savings and earn a 6% annual return ...
Women aged 65 are expected to live to 86.9 years, while men of the same age are likely to reach 84.3 years, according to the Social Security Administration's life expectancy calculator. Retirement ...
If you never spend your money then $400,00 will last indefinitely. The trick isn’t determining how long $400,000 will last you in retirement but how to best spend your $400,000.
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break ...