Here's how much you'll have for retirement with a $50,000 salary if you factor in savings and Social Security investinyou (In partnership with acorns.)
A lot of retirement planning revolves around how much money you should be saving now. But what if you want to know how much you can spend per month after you retire?
In this case, there are two puzzle pieces to your monthly retirement budget: your personal savings and Social Security.And if you have a traditional job, you already payBut it can be hard to decipher how much money that will give you when you retire. NerdWallet crunched the numbers to figure out the personal savings side of your retirement plan. These numbers assume you save 10% of your $50,000 income a year, get a 6% return on your investments while you are working and retire at 67. And for retirement, we assume a 3% return on your nest egg.
Check out the video to see a breakdown of how much money your savings and Social Security benefits will translate into when you retire.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Powerball drawing for 02/05/20: Wednesday jackpot was $50 millionThe Powerball jackpot for 02/05/20 was $50 million, with a cash option of $35.8 million. The drawing has been held, and here are the numbers.
Les mer »
Trust Us, These Are the Most Stylish Workwear Pieces $50 or Less Can Buy YouIf I had a dollar for every time I stood in front of my closet wondering what the heck to wear to the office, I might be a millionaire by now. For me, I like
Les mer »
How much you need to save every month to earn $50,000 a year in interest alone for retirementHere’s how much you need to save now, in order to earn $50,000/year in interest alone during retirement. investinyou (In partnership with acorns.)
Les mer »
A spousal IRA may be the best gift you can give your non-working husband or wifeBoost retirement savings, possibly claim a tax break — and there’s still time to make a contribution for 2019.
Les mer »
Do You Have to Be Active to Have a ‘Successful’ Retirement?There is no “right” or “best” retirement, writes columnist Glenn Ruffenach. There is only your retirement, one that, ideally, will involve a good amount of planning on your part.
Les mer »
Stock performance study shows companies should take environmental and social factors seriouslySociete Generale studied the impact on companies following an ESG high controversy event, finding that stocks typically underperformed by 12% over the following two years.
Les mer »