Retiring With $500,000: How Much Money You’ll Have in Your Monthly Budget
Nobody wants to run out of money in retirement.
Experts recommend taking up to 4% of your total nest egg annually in retirement as a way to make your funds last.
That percentage can drop a few points based on factors like not owning your home or having high health-care costs. So talk to a professional before making any plans.
Check out this video to see a few different case studies of how much spending money you'll have if you retire on $500,000.
More from Invest in You:
'Predictably Irrational' author says this is what investors should do during pandemic
Coronavirus forced this couple into a 27-day quarantine on their honeymoon cruise
How to prepare for a family member with COVID-19
SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.
CHECK OUT: Grow with Acorns+CNBC.
Money Report
Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly> Chicago Catch-Up newsletter.
