Does $3 Million in Retirement Savings Guarantee You Won't Run Out of Money?
It's a lot of money -- but how confident should you be?
Overview
There are many people who reach retirement with little to no savings at all. So if you're getting close to wrapping up your career and you've managed to accumulate $3 million in your IRA or 401(k), that's something to be proud of.
You should also know that $3 million in retirement savings could buy you a very comfortable lifestyle. You may be able to afford travel, a larger home, or perhaps two smaller homes that give you proximity to family and great weather at different times of the year.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.