Is $20,000 a Month in Retirement Income Within Reach?
A $240,000 annual retirement income would provide freedom and flexibility, but is it achievable?
Overview
Median retirement income is $56,680 for U.S. households 65 and over, while the mean retirement income is $87,260. While many retirees are satisfied with that amount, some hope for more, and ideally much more.
An income of $20,000 per month could provide seniors with $240,000 per year, which would likely be more than enough to cover healthcare costs and enjoy hobbies or travel. But is achieving a $240,000 retirement income feasible for most people?
Details
Here's what you'd likely need to do to make it happen.
Source
Originally published at www.fool.com.
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