{"id":8340,"date":"2020-12-25T01:46:11","date_gmt":"2020-12-24T20:16:11","guid":{"rendered":"https:\/\/capitalante.com\/?p=8340"},"modified":"2020-12-25T01:46:11","modified_gmt":"2020-12-24T20:16:11","slug":"should-i-retire-with-1-million","status":"publish","type":"post","link":"https:\/\/capitalante.com\/should-i-retire-with-1-million\/","title":{"rendered":"Should I Retire with $1 Million"},"content":{"rendered":"

Do you think $1 million might not be enough? Well, it will take about 12 days to count $1 million. Around 60% Americans think that $1 million is enough to lead a worry-free retirement life.<\/span><\/p>\n

\"Retire According to the latest estimates on average, a $1 million retirement fund will last 19 years. But everyone\u2019s situation, lifestyle, spending habits is different. It\u2019s possible to lead a happy retirement life, since many Americans manage their finances post-retirement with less than one million.<\/span><\/p>\n

So, should I retire with $1 million? Is it enough to lead a worry-free retirement life?<\/strong><\/span><\/h2>\n

\"So,<\/p>\n

The Short answer is that $1 million is enough retirement corpus for an average American retiring the next week to pay his\/her utility bills. But the million-dollar question is whether you are going to retire the very next week or going to retire after 30 years.<\/span><\/p>\n

When you are going to retire?<\/strong><\/span><\/h2>\n

\"When<\/p>\n

This is a million-dollar question. Do remember when your retirement is 3 decades away, the picture seems different. For example, when you are going to retire after 30 years you will need $3 Million, owing to inflation. You don\u2019t have $3 million. Don\u2019t worry if you are in your 30s, you have plenty of time to build a retirement corpus of $3 Million. Let me show you the 7 steps by following which you are going to lead a happy retirement life.<\/span><\/p>\n