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

Nigeria News News

How to calculate how much money you need to retire - Business Insider
Nigeria Nigeria Latest News,Nigeria Nigeria 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.

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

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.

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:

BusinessInsider /  🏆 729. in NG
 

Nigeria Nigeria Latest News, Nigeria Nigeria 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, 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
Read more »

Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderQ&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
Read more »

How to cash a money order quickly and securely - Business InsiderHow 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.
Read more »

How travel Instagram influencers are earning money during coronavirus - Business InsiderHow 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.
Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Read more »

10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Read more »



Render Time: 2025-01-12 01:33:51