Reported about 1 year ago
A couple, both aged 67 with $2.5 million in savings and $40,000 in annual Social Security benefits, assess if they can sustain a $100,000 lifestyle in retirement. Factors such as when they plan to retire, income generation, and retirement budget are crucial in determining financial sufficiency. With careful planning, diversification of investments, and possibly working with a financial advisor, it is feasible to achieve a comfortable retirement income of over $150,000 per year with a $2.5 million nest egg, including Social Security benefits.
Source: YAHOO