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The cost of a “comfortable” retirement can vary greatly depending on several factors, including the standard of living you desire and the local cost of living where you choose to retire. So ...
Annual cost of a comfortable retirement: $70,667. Retirement savings needed at 60: $1,413,334. Retirement savings needed at 70: $706,667. Try This: 3 Reasons You Should Not Buy a House When You Retire
Alabama. Total expenditures: $50,980 20% comfort buffer: $10,196 Cost of a comfortable retirement annually: $61,176 Read More: Retirement Savings — 4 Expenses Retirees Regret Keeping in Their ...
The exact amount of time needed to drawdown the entire 401(k) can be calculated using the annual cost of living comfortably and the total 401(k) value at the age of 66. All data was collected on ...
West Virginia. Annual cost of a comfortable living: $66,745 Cost of 25 years of comfortable retirement with Social Security: $543,126 Cost of 25 years of comfortable retirement without Social ...
Next, the annual retirement income needed to cover these living expenses was calculated, with an additional 20% to account for the “comfortable” aspect of retirement.
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