How much do I need for retirement if I make $50K now? - what saying to write on retirement cake
You say you need 60% -85% of what I now live in retirement, my comfortable life. If you earn $ 50,000 per year, how will I need? If I could write like the answer that helps a.
Monday, February 1, 2010
What Saying To Write On Retirement Cake How Much Do I Need For Retirement If I Make $50K Now?
2 comments:
This question is very difficult to answer.
One detail missing in the question of how long until you retire. This is due to inflation. If you retire in 20 years, nearly U.S. $ 50,000 worth as much as now, so you need a lot more money from $ 50,000 to live comfortably. I like to use the high end of the average inflation rate when it comes to retirement .. This is 4%. This means that everything that is inflated by 4% per year. This means that the same lifestyle that you should do:
50,000 per year today
60,832 per year in 5 years
74,012 per year in 10 years
109,556 per year in 20 years
162,169 per year in 30 years
These estimates are slightly higher inflation than it actually is, but I would not be too high than too low.
Hope that helps
http://www.financialgym.org
Gain of $ 1,000,000 of 5% you will receive $ 50,000 one years without playing first. Do not tell me how old he is, but based on a factor that will increase inflation to the same purchasing power as today has 50,000 U.S. dollars.
You may apply to investors as part Vanguard.com need personal use on your website, the amount of retirement shall be calculated.
Like all the other things that "they say" take with a grain of salt.They are false and I would assume that if retirement income equal to their pre-retirement income just to maintaine your lifestyle and not be forced to simply haoma just sit and watch TV.
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