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Compass
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Millennials' New Retirement Number? $1.8 Million (Or More!)
Lebanon Daily News Mar. 30, 2016 "Older Millennials -- those born in the early 1980s -- will need about $1.8 million salted away to maintain their standard of living in retirement while younger Millennials -- those born in the late 1990s -- will need upwards of $2.5 million... [T]hat equation ... assumes they'd need to generate $30,000 to $40,000 in annual income from their nest eggs in today's dollars. [And] it assumes a 2% inflation rate, which is currently the Federal Reserve's target rate." |
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