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It is always a good idea to consult with a financial advisor before making any major investment decisions, especially when it comes to retirement planning. Bottom Line. How long $800,000 will last ...
Running some different scenarios through a retirement calculator can help you estimate how long your money should last. Example #1: You have $1 million in savings and earn a 6% annual return ...
The post How Long Your Money Could Last Using the 4% Rule appeared first on SmartReads by SmartAsset. The 4% rule is a widely known guideline for retirement spending that says you can safely ...
Even with modest inflation rates of 2% to 3%, your $40,000 annual withdrawal from your $1 million nest egg won't stretch as far in 10 or 15 years as it did in your first year of retirement.
Your withdrawal strategy affects how long your money will last. For example, waiting until age 59.5 or later to withdraw money from an IRA or 401(k) means sidestepping early withdrawal penalties .
The mental calculus of reaching your retirement savings goals can be exhausting. What is the right retirement age? How long will your nest egg cover your retirement expenses? Will your retirement ...
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