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Want to Make $50,000 a Year in Retirement? Here's How Much You Need to Save

Want to Make $50,000 a Year in Retirement? Here's How Much You Need to Save

Most people have dreams for retirement, which could range from traveling the country in an RV to spoiling grandkids. If you've decided that you need $50,000 in retirement income from your investment accounts in order to fund your preferred lifestyle as a retiree, here's what you would need to do in order to bring home that much money. The exact amount you would need to have invested for retirement for your savings to produce $50,000 each year is going to be determined based on how much of your account balance you're willing to withdraw.