How Much Do We Need To Retire?

The growing number of retirees, their increased life expectancies and the size of their savings led us to wonder: How much accumulated income-producing wealth is needed to maintain a desired lifestyle? In other words, given a target level of spending, how much did a couple need to have saved, in either tax-deferred retirement accounts or other financial assets, to feel confident that they would survive until age 90 with their accustomed level of spending? To find the answer, we first have ...

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