How Big A Nest Egg?
Most financial experts suggest we can withdraw 4-5% of our portfolio each year in retirement. Last Sundays Parade Magazine illustrated how big a personal nest egg you'll need at retirement to generate those withdrawals. Here's the article.
To Withdraw 4-5% You Need to Have Saved
$16,000-$20,000 $400,000
$20,000-$25,000 $500,000
$28,000-$35,000 $700,000
$32,000-$40,000 $800,000
$36,000-$45,000 $900,000
$40,000-$50,000 $1 Million