So how much will you have to save each month to accumulate enough money to be able to retire financially safe, and be able to live un-financially assisted for the remainder of your life?
Here's what you'll need to save each month to have about $50,000 per year to spend and with only a marginal chance of running out of money.
25 Years Until Retirement.................$5,000.00
30 Years Until Retirement.................$4,166.00
40 Years Until Retirement.................$3,125.00
45 Years Until Retirement.................$2,777.00
Unless you are planning on your children helping you, getting a significant inheritance, or hope to depend on government assistance, you've got to do this.
According to the results of multiple studies, a significant percentage of people in all age groups and in all financial groups, have no viable plan, while multitudes have no plan at all.
Some laugh and say, well I can't save any significant amount each month. It's taking all we make just to pay the day to day bills.
So they virtually use that as justification for doing nothing.
Whether you can save what you will need to accumulate by the time you retire or not, saving --- however much --- will make things a lot easier on you when that time comes.
If you are one of these who's not properly preparing, let's get together and put you on the right track. One that is from an educated prospective; one that you can depend on to be the truth.
William S. Cherry & No Company
Park Avenue Wealth Coach.Com