How much will a person need to retire 35 years from now?
How much will a person need to retire 35 years from now?
Public Comments
- This depends on how you want to live in retirement, how long you plan to live retired, and the interest you can get on your money. Assuming you would like to live on 50k per year, for 20 years of retirement, and you can earn 6% on your money, to begin retirement in 35 years you would need $581,633 at that point in time. If you wanted to begin saving now, for that amount, given the same interest rate, you would need to put away $408.25 per month for the next 35 years.
