How to calculate how much money you need to retire - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Many experts recommend using the 4% rule to figure out how much you'll need in retirement, but there are other factors you should consider.

may be paid off as well. Plus, some of your kiddos may have already left the nest by the time you decide to retire.

Using the 4% rule, if you wanted retirement income of $40,000, you'd need to have $1 million in your investment portfolio when you retire. If you think you'll need $100,000 per year in retirement, you'd need to save $2.5 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Cuban, Barbara Corcoran, why successful people won't retire - Business InsiderMark Cuban, Barbara Corcoran, and 8 other successful people on why they never want to retire — even if they have millions in the bank (via USAToday) USATODAY Greed
Source: BusinessInsider - 🏆 729. / 51 Read more »

Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderThe head of podcasting at Veritone One spoke to Insider Intelligence about how advertisers have shifted priorities in light of the pandemic's impact on podcast listening
Source: BusinessInsider - 🏆 729. / 51 Read more »

How to cash a money order quickly and securely - Business InsiderA money order is a method of sending prepaid money that's more secure than a personal check or cash. When you get one, you'll want to cash it quickly.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How travel Instagram influencers are earning money during coronavirus - Business InsiderTravel Instagram influencers are finding new ways to earn money with the industry frozen and trying categories like food and fitness Useless.
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Source: BusinessInsider - 🏆 729. / 51 Read more »