I Have $1 Million. Can I Afford to Retire?
A $1 million nest egg may seem like it's plenty to retire on, but can you really hand in your notice?
Overview
Retirement is a day many people dream of and financially prepare for throughout their working life. Before you stop working, though, you must ensure you have the money to live comfortably for the rest of your life.
If you have $1 million invested, that may feel like a lot. After all, you've officially reached millionaire status. The big question, though, is whether you can actually live off that sum or whether you need more money in your retirement plans to live comfortably after giving up your job.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.