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Inflation: You’ll also want to consider inflation as you plan your retirement budget. The amount you need to live on 20 years from now likely won’t be the same amount as today.
The amount you need to save for retirement ultimately depends on your lifestyle, health, and other factors. You'll want to dig into your expected expenses to determine how much retirement may cost ...
But the amount of money you need to retire depends on where you live, due to state-by-state differences in the cost of living. In some areas of the country, a nest egg of a bit more than $500,000 ...
A comfortable retirement, if you want at least 20 years' worth, will cost you millions in nearly half the United States. Find Out: This Is How Much It Costs To Retire on a Cruise Ship Learn More ...
A common rule of thumb is that you'll need 80% of your pre-retirement income after you retire. So, for example, if you're currently spending $60,000 per year, you could expect to spend around ...
The average American is saving less for retirement than you might think.. A recent GOBankingRates survey found that 38% of Americans think they will need less than $500,000 to retire — a far cry ...
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