How many of us will retire with
Sadly, few pre-retirees have accumulated that much. A 2015
The earlier you begin saving, the more you can take advantage of compound interest. A 25-year-old who directs
What if you are over 40, what then? You still have a chance to retire with
What if you start trying to build that
This math may be startling, but it is also hard to argue with. If you are between age 55 and 65 and have about
* You can choose to live on
* Alternately, you can cut your expenses way down - share housing, share or forgo a car, etc., which could preserve more of your money.
* Or, you could try to work longer, giving your invested retirement savings a chance for additional growth, and explore ways to create new income streams.
How long will a million-dollar retirement fund last? If it is completely uninvested, you could draw down about