What’s My Retirement Budget at 64 With $1.2M in My 401(k) and $2,800 From Social Security?
For the average single person planning to stop working at 64, a $1.2 million 401(k) account and a $2,800 Social Security benefit can provide enough money to support themselves during retirement. The most commonly used guidelines indicate that your annual income may be $81,600, which may or may not exceed your annual income. Much depends … Read more