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Ultimately, whether you can retire on less than $1 million will largely depend on your spending needs during retirement and your remaining life expectancy. To be sure, $1 million may not be enough ...
Growing your portfolio to $1 million or more by retirement can be an excellent target to aim for. While there's no magic number that will guarantee you will have enough money to sustain the type ...
A nest egg worth $1 million is a common benchmark, but that figure won't fit every retiree. Some seniors may be able to get by with less, while others could need far more just to survive.
This data seems to suggest that yes, you can make it through retirement with less than $1 million. But the reality is that every retiree’s personal financial situation is different, and there is ...
For example, if you estimate that you’ll need $40,000 per year in retirement, you would aim to save $1 million ($40,000 x 25). The 25x rule is technically the same as the 4% rule.
This article originally appeared on GOBankingRates.com: 27 States Where You Can Retire for 20 Years on Less Than $1 Million. Show comments. Advertisement. Advertisement. In Other News.
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