What Retirement Really Looks Like With Average Savings and Social Security at 62
You won't be living in the lap of luxury, but there are ways to improve your situation.
Overview
As you approach retirement, it's worth taking some time to think through what your retirement will actually look like, given your expected income and spending. Here's a look at that, using some typical numbers for people aged 62.
The average Social Security benefit for 62-year-olds was recently $1,424 per month, or about $17,000 annually. (You read that right; it's not a lot of money.)
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.