Do You Really Need a Huge Nest Egg for a Successful Retirement?

Posted by MMarquit under Employee Benefits
From http://financialhighway.com 4787 days ago
Made Hot by: steeldawn on October 19, 2011 3:37 pm

It used to be that many people would do their best to save up $1 million for retirement. Now, experts and others say $2 million is far more likely to be the “magic” number. But do you really need a huge nest egg for a successful retirement?

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Comments

Written by chriskoerber
4784 days ago

I really recommend that one not plan on P/T income at later ages. It assumes two things to be successful:

1. That you are healthy enough to work.

2. That the economy is healthy enough that an employer needs you to work part-time.

If conditions 1 & 2 don't exist, then you get to move in with one of the kids. No one wants to do that, unless the kid deserves it!

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Written by BizRock
4786 days ago

Experts say $1 million is better then $2 million for secure and happy retirement? Then to all of you, I wish at least $1 million when retirement come. My humble opinion is if you know how to spend clever your money and save it at '' old '' day, $1 million is enough for everyone.

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Written by MrsZeus
4787 days ago

Thanks for the article!

Nowadays, it seems as if $1m of savings for retirement is not enough, and that scares me.

But it all depends on what kind of lifestyle you plan on living once you retire. If you carefully budget, $1m can be plenty! And of course, having a part-time job can do wonders :)

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