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