How much do you need to retire?
That depends on how you want to live when you retire. Consider the economy, your retirement benefit, and your health care costs. There are several retirement calculators on the web that can assist you. Consult your Banker or Money Manager and get assistance with planning your retirement.
How much money does one need to be considered rich?
for me, living pretty much from paycheck to paycheck with a wife and 4 kids. i would think you need enough to retire. first and formost. and then you will need to have enough to always help direct and sometimes indirect family members. and of course enough money to basically fullfill your wildest dreams. how you get there is a different story.
The Benefits Of A 401K Calculator ?
You're going to retire at some point or another and when you are ready to start planning, a 401k calculator should be used to help you. This will not only tell you how much you need to contribute on a regular basis but how much you can expect to have when it's time to retire. If you plan on retiring younger than the average age of 65, it's best to start calculating sooner than later…
How much money does someone need to retire?
Before you can answer that, you need to know how much income you will need in retirement, (and for how many years). So, figure out a retirement "budget" first. Then you look at all your guaranteed income sources (pension, social security, other) and deduct their total from the budget amount you figured you'd need. Last, you take what is left after deducting the other income streams from your target budget amount, and divide it by…