Want $100,000 in Annual Retirement Income? Here's the Nest Egg You Need.
You might be surprised by how much money you'll need to have set aside.
Overview
A $100,000 annual income was once enough to make an American feel fairly wealthy, but these days, it's more common than you might expect. It's no longer enough to buy an ultra-luxurious lifestyle, but it still buys a comfortable one in many places, especially for retirees who are no longer saving for retirement or caring for children.
If that's your annual retirement income target, you might need to save a bit more than you imagined to pull it off. Here's the nest egg you'd need, based on the 4% rule.
Image source: Getty Images.
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.