Here’s how much you need to save now in order to earn $75k/year in interest alone during retirement.
About half of U.S. workers plan to use personal savings as their primary source of income during retirement.and the Aegon Center for Longevity and Retirement found that 48% of workers expect most of their retirement money to come from accounts like 401s, 403s, and other savings and investments.
However, figuring out how long your savings will last can present a lot of variables. If you plan to stop working in your 60s, that leaves a huge question mark about how many years of retirement you will need to fund.
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