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Want $100K a Year When You Retire? Here's How Much You Need to Save by Age 67

Want $100K a Year When You Retire? Here's How Much You Need to Save by Age 67

Of course, your Social Security could be higher or lower, and you may live to be 100 (or more) years old. If we round up the average monthly Social Security payment, we get $1,700 per month. If you follow the common rule of thumb and withdraw 4% from your investments annually, you'll need approximately $2 million in various retirement plans and income-generating investments.