Reported 1 day ago
A recent study reveals that Americans believe they'll need $1.26 million to retire comfortably, but Grok, an AI chatbot by xAI, suggests $866,575 may be sufficient based on individual circumstances like income and expenses. Grok's calculations indicate that retiring in 20 years requires adjusting for Social Security benefits, which can help bridge the income gap, and it's recommended to start saving 28% of income monthly to meet retirement goals.
Source: YAHOO