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These 5 Factors Will Tell You How Much You Really Need to Retire | The Motley Fool
Source: Photo by NORTHFOLK on Unsplash

These 5 Factors Will Tell You How Much You Really Need to Retire | The Motley Fool

An internet search for “how much money do I need or retire” will yield a result of $1 million to about $10 million dollars. Instead of depending on the vague internet-given possibilities, different factors can be used to determine how much you need. A general concept to follow is to live off 4% of your retirement savings each year. Also, be sure to consider what kind of lifestyle you want to live. Saving early is a tip that is beneficial to anyone, no matter how much you want or need to save, and looking into your debts and when they will be paid off is also a factor.

Source: https://www.fool.com/investing

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