What Retirement Can You Actually Afford with $500k, $1 Million, or $2 Million in Assets?
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To figure out how much you need in order to retire, answer these questions:
Multiply by 28 the difference between answers 2 and 3. That's how much you'll need for regular retirement age. For early retirement, multiply by at least 33.
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Knowledge on Retirement planning is essential as it needs to be planned right from the beginning of career.