Is $500,000 Enough to Retire at 67?
Here's a look at what it takes to retire on half a million dollars at full retirement age.
Is $500,000 Enough to Retire at 67?
Overview
The Northwestern Mutual 2026 Progress & Planning Study found that 40% of baby boomers fear they'll run out of money during their lifetimes, and 50% of Gen X feel the same. The anxiety may be driven by the number of reports saying the Americans aren't saving enough for retirement -- a message that can be both frightening and frustrating.
The reality is, there is no one-size-fits-all amount that will allow you to retire. While your sibling or best friend may not be comfortable retiring with $500,000 saved, it could be just right for you. It may not be as easy as it would be with more, but it's still possible to make it work.
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Details
Source
Originally published at www.fool.com.
