How Much Do You Need Saved to Get $10K a Month in Retirement Income?
A $10,000-per-month retirement income would provide $120,000 to live on -- but is it possible?
Overview
Deciding how much to save for retirement can be complicated. However, if you have an income goal in mind, you can work backward from there and make an informed choice about the amount of savings you need.
For example, if you're hoping to have $10,000 a month in retirement income, this is the amount you'd need to make that happen.
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Details
Source
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.