How much money will a person making $50,000.00 a year need to retire?

Answer

A person making $50,000 a year will likely only need 80% of that income per year during retirement. That leaves a need of $40,000 a year. If retire at normal retirement age figure they can leave another 30 years to be on the same side. That leaves a need of $1.2 million in today's dollars to retire comfortably.
Q&A Related to "How much money will a person making $50,000.00..."
It would take awhile, but possible. 50,000 - 15% = 42,500 net pay per year. lets look at expenses: housing 1,000 x 12 = 12,000 food $350 x 12 = 4200 utilities 600 x 12 = 7200. other
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