Will You Have Enough Savings at Retirement?

Retirement is probably the most expensive thing you’ll ever pay for. Because of that, it may be difficult to put the amount you may need to save into perspective.

How Much Would You Be Able to Withdraw Each Year?

For simplicity, let’s assume: You’re ready to retire today and plan to have your 
retirement savings last 25 years. You’ve moved your savings into more conservative 
investments that you believe are appropriate for retirement. The investments will 
provide a constant 6% annual return. 
You’ll withdraw the same amount at the end of each year. 
$100,000
$7,823
$200,000
$14,645
$300,000
$23,468
$400,000
$31,291
$500,000
$39,113
$600,000
$46,936
$700,000
$54,759
$800,000
$62,581
$900,000
$70,404
$1,000,000
$78,227
Keep in mind that these examples don’t include factors such as inflation and 
volatility  that can have a big impact on your purchasing power and account 
value. For example, 
if inflation were 4% a year, a withdrawal of $31,291 25 years from now would 
only be worth $11,738 in today’s dollars. Investment losses would decrease 
your account’s  growth potential in subsequent years. To account for these 
factors, you might need to save even more.
Thank you