How much money you need to retire at 65 and live on investment income alone till 90

To retire at 65 and live on investment income of $100,000 a year, you'd need to have $2.5 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $1.6 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 60% stocks and 40% bonds to ensure the account's growth and provide a steady income for decades.

To retire at 65 and live on investment income of $100,000 a year, you'd need to have $2.5 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $1.6 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 60% stocks and 40% bonds to ensure the account's growth and provide a steady income for decades.

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Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »