How Much Money Do I Need In Retirement?
Updated: Jun 11, 2018
If you retired at the age of 60 and you were making $150,000 per year. How much money would you need in retirement to live the same lifestyle if your life expectancy is 95.
According to the above scenario, you will live 35 years in retirement. Therefore, you multiple $150,000 by 35 years which equals $5,250,000.
It will take $5,250,000 to live the same lifestyle due to inflation and cost of living increases.