Is $1 Million Enough For Retirement?

by | Oct 16, 2020 | One Minute Retirement Tip, Podcast, Retirement, YouTube

Summary 

This week on The One Minute Retirement Tip Podcast, I’m talking about “Is $1 Million Enough For Retirement.”

According to TD Ameritrade’s 2019 Retirement Pulse Survey, 58% of Americans surveyed think that $1 million will be enough for retirement. 

A million dollars is still a lot of money, and while it would have been more than enough for retirement for the vast majority of Americans 20 years ago, that’s not the case today. 

Which begs the question…Is $1 million saved for retirement going to be enough for you? Maybe it will, maybe it won’t. Maybe you’ll need much more than that to live a comfortable retirement. Maybe you’ll need much less. 

The answer depends mostly on your retirement spending & your other income sources. 

So this week, I’ll be diving into how far you can stretch $1 million in retirement, to help you determine how much is enough in retirement for you!

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ABOUT THE AUTHOR

ASHLEY M. MICCICHE, QPFC®, CRPC®, CEXP®

Ashley helps business owners exit their business and retire with financial security. As a Certified Exit Planner she specializes in helping business owners navigate the maze of decisions that need to happen from full-time running their business to retirement.

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