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This isn’t likely long enough to fund your entire retirement. The Bottom Line. You can live off a retirement nest egg of less than $1 million, but how comfortable you will be depends on a number ...
Bottom line. Ultimately, whether you can retire on less than $1 million will largely depend on your spending needs during retirement and your remaining life expectancy.
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 ...
So, for instance, if you expect to spend $48,000 per year, multiply that by 25, and you have a savings goal of $1.2 million. 2. Calculate your outside income sources
West Virginia. Annual cost of a comfortable living: $66,745 Cost of 20 years of comfortable retirement with Social Security: $434,501 Cost of 20 years of comfortable retirement without Social ...
Let's get one thing out of the way. You don't necessarily need $1 million to retire comfortably. Many people are able to live well on less. And if you earn an average salary, you may be used to ...
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