[TSP_Strategy] Amount Needed to Retire Comfortably

 

Amount Needed to Retire Comfortably

Chart of the Week for March 31, 2017 - April 6, 2017

On an annual basis, the Employee Benefit Research Institute ("EBRI") conducts a survey that gauges the views and attitudes of working-age and retired Americans regarding their confidence with regard to various aspects of retirement and related issues. The results of the survey are published in the Retirement Confidence Survey ("RCS"). The 2017 results of the amount of money necessary for a worker (and spouse) to retire comfortably is noted in the chart above.

The results show that 63% of the respondents feel that less than $1 million will provide a comfortable retirement while 37% think they will need more than $1 million. Each individual's expectation of a "comfortable" retirement is based on many factors including current and expected lifestyle needs, time horizon, income, location, and other factors. Making assumptions about financial needs in retirement and having a comprehensive saving plan are important retirement decisions for everyone.

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Posted by: sarah_oz@yahoo.com

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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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Ditulis oleh: Andriansyah -