Here’s How Much You Need Saved To Have $100K in Retirement Income Every Year

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But how much do you need?

Having $100,000 per year in income during retirement sounds like a dream, right?

Buthow much do you should probably have savedto be able to spend that amount?

One of the most common ways to determine the amount youll need is through the 4% rule.

Using the 4% rule, youll need to have $2.5 million saved by the time you retire.

This amount doesnt take into account other potential sources of income, like your Social Security check.

The amount you receive each month could make up for the shortfall.

Then, it’s possible for you to have a clearer idea of whether youre on track.

You never know, it could be less than you think.

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