Olde Hornet
Well-Known Member
5 signs you'll never run out of money in retirement
https://www.usatoday.com/story/mone...ver-run-out-of-money-in-retirement/103485484/
1. You know your "retirement number"
When you're decades from retirement, it's hard to figure out just how much money you'll need to get by as a retiree. There's a lot that can happen between now and then, which is why experts have come up with a number of ways to calculate how much you'll need. Saving 10 times your current income, or saving enough so that you can replace 80% of your current annual income, or simply saving 15% of your income each year are all common methods of finding your retirement savings target. Whether you're using one of these "close enough" approaches or you've spent some quality time with a retirement calculator to get a more customized result, you've figured out -- realistically -- how much you need to save by retirement age.
https://www.usatoday.com/story/mone...ver-run-out-of-money-in-retirement/103485484/
1. You know your "retirement number"
When you're decades from retirement, it's hard to figure out just how much money you'll need to get by as a retiree. There's a lot that can happen between now and then, which is why experts have come up with a number of ways to calculate how much you'll need. Saving 10 times your current income, or saving enough so that you can replace 80% of your current annual income, or simply saving 15% of your income each year are all common methods of finding your retirement savings target. Whether you're using one of these "close enough" approaches or you've spent some quality time with a retirement calculator to get a more customized result, you've figured out -- realistically -- how much you need to save by retirement age.