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So a 65-85 year old couple seeking a comfortable retirement would. domestic and international travel, good clothes.you get the idea.
A primary consideration when deciding on a retirement location is what it’s going to cost. Here, we take a quick look at how much money you might need to retire comfortably in Mexico.
There is more to retirement planning; however, it’s not often so easy to calculate. To decide how much you can spend each year to sustain your retirement, you need to know how long you will live in retirement and how much your investment portfolio will earn. If you retire at 65 and die at 80, you’ll need income for 15 years.
In other words, how much do you need to retire comfortably? By now, you’ve likely heard the conventional wisdom: that you should aim to have a nest egg of $1 million to $1.5 million. Or that your savings should amount to 10 to 12 times your current income.
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There’s no single amount that people need to retire comfortably, and it’s important to consider the lifestyle you want in retirement versus what you need to get by. The earlier you calculate what you have (and what you want), the better you can plan for the retirement that you want.
Use our retirement calculator to determine if you will have enough money to enjoy a happy and secure retirement. msn back to msn home money. powered by Microsoft News.
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If you count yourself among those future jet-setting retirees, you’ll need to aim high with your retirement savings. Some retirement planners suggest that a comfortable retirement income for couples who plan to travel would be 100 percent of their pre-retirement income.
Diane Bourdo: Most retirement role models of the past were men, who seemed to relish their move from work by devoting their days to leisure activities and hobbies, tinkering around the house, sitting.