Retiring with $1 million at 65 can be comfortable for some, but not all, says SmartAsset.
Factors such as family size, ongoing responsibilities and other income sources can impact how far this amount stretches.
Consideration should also be given to Social Security and Medicare eligibility as well as unanticipated expenses.
Additionally, the conventional method of drawing 4% from your retirement fund per year has faced criticism.
Preparing for two years without Social Security benefits is advised for those looking to maximize retirement funds.
How comfortable one is post-retirement also heavily depends on personal spending habits and lifestyle needs.
My Take…
What I consider expensive, you may consider cheap etc.
That said, you can sometimes pick up some tidbits, that are useful in your retirement journey.
For more details click on the link:
https://finance.yahoo.com/news/retire-comfortably-65-1-million-130047104.html
