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Someone retiring at 62 – the current average retirement age – may need savings to last over two decades, especially if they plan to maintain the same lifestyle they had before retirement.
For example, using this calculator, you could estimate how long your retirement savings will last if you have $1.5 million in savings and a life expectancy of 95, assuming an average investment ...
49. California Annual Expenditure: $64,516 $100,000 Will Last: 1 year, 6 months, 18 days California’s not an easy place to stretch your retirement dollar, with the cost of housing coming in at ...
Keep reading to find out how long $5 million lasts in retirement in each U.S. state, ranked in order from most to least years. DenisTangneyJr / Getty Images/iStockphoto 1.
Oklahoma. Number of years $2 million will last: 40.13 Years, months and days: 40 years, one month, 16 days Annual expenditures: $49.839.12 Methodology: In order to find how long $2,000,000 will ...
How long your 401(k) lasts depends on the amount and duration of your savings, as well as your ability to limit withdrawals. This also applies to your Social Security -- the longer you wait, the...