What’s My Retirement Budget at 64 With $1.2M in My 401(k) and $2,800 From Social Security?

What’s My Retirement Budget at 64 With .2M in My 401(k) and ,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