Going by the inflation, it is very difficult to predict the exact amount. It will be best to have a good amount of savings. You can use up to 4% of your savings each year. Additionally, if you will be getting so pension, add it up too. Sometimes old people get grants from the government upon retirement. All these 3 things will make up your earnings. Make a list of your expenses and subtract the amount from your earning. If you get a positive result, there is nothing to worry. However, if your expenses exceed your earnings, you should make some hard choices to cut the former down.
how much money do you need to opena boutique
how much money do i need to start a daycare?
Level of Education
you need about 100 dollars
Do the math: a grand/month for 25 years (300 months). Cheers !
You should put away at leasy 10% of everything you make. How much you will need will depend on when you retire.
$800.00
How much can you earn, if you retire at 62 and still work.
Unless there is a tax benefit that you want/need, you should retire a loan as soon as possible. I am assuming that there is no prepayment penalty, which may impact your decision. It is costing you money (in interest) while you have the loan.
IRA calculators help you determine which IRA is right for you. They can help you save money by putting money in the correct type of account based on the number of years you have to retire. It will help you plan how much you need to put in them monthly.
If you speak to someone at you local bank they can help you determine how much money you will need to save for retirement. They can also help you set up an account to reach your savings goal.
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.
how much money do we need to go to Zaire
how much money do you need to opena boutique
how much money do i need to start a daycare?
level of education
Level of Education