How Long Will $1,000,000💰Last In Retirement? 🤔
How long will one million dollars last in retirement? That is what we are going to examine in this retirement planning and retirement income strategy podcast. I wanted to use one million dollars for our retirement investments analogy since that is the number so many individuals who want to retire are trying to accumulate in their retirement savings.
**39% of individuals heading towards retirement will use their retirement savings and retirement investments as their main source of retirement income.**
**Average social security check for a retired individual is $1,500.**
We are going to look at two different rates of return for the retirement investments, 6% and 4%. Since the stock market has averaged around 8% with inflation since the 1950's, I am going to be more conservative in my retirement income strategy. I am also going to take into account inflation of 3% over the lifetime of this persons retirement.
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**Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. Please call me at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.**
