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RSS FeedsHere`s How Much You Need to Invest to Retire With $1 Million
(WorldNews Business)

 
 

25 january 2020 23:23:17

 
Here`s How Much You Need to Invest to Retire With $1 Million
(WorldNews Business)
 


For many Americans, retiring with $1 million saved would be a dream come true. A nest egg of this size would provide around $40,000 in annual income, assuming you follow the 4% rule. When combined with Social Security benefits, this could provide a pretty comfortable lifestyle. But while $1 million is a nice number to aim for, is it actually possible to achieve? To determine that, you`ll need to know what it would take for you to retire with seven figures saved up. And that answer depends on when you start saving as well as the returns your investments earn. Image source: Getty Images. What to save to end up with $1 million Here is what you`d need to save to have $1 million by age 65,...


 
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