Reported 4 months ago
Retiring with $3 million at 65 can last depending on factors like longevity and lifestyle. Planning for retirement includes considering variables such as life expectancy, inflation, cost of living, healthcare costs, and Social Security benefits. Utilizing retirement calculators and consulting with a financial advisor can help estimate future income needs and develop a customized plan to achieve retirement goals. Strategies like maximizing retirement savings through compounding interest, maxing out retirement accounts, and diversifying investments are recommended.
Source: YAHOO