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!
To learn more about the 2021 stock market & economy outlook, be sure to listen to this week’s intro episode and subscribe to the One Minute Retirement Tip wherever you listen to podcasts. Episodes 736-742, October 19 – 25, 2020.
