How to Retire on $500k
7.5 MIN READ
When people talk about retirement, they often quote round numbers and rules of thumb. For example, you might hear somebody say that you need $2 million to retire (or more). But the real amount you need depends on circumstances like your spending and other sources of income. So, here’s how it looks to retire on $500k.
Not everybody is going to save several million dollars during their working lives. At some point, you may face a choice: Do you work longer to accumulate more savings, or can you retire with less?