How to Retire with $1.2 Million on a $75,000 Salary

How to Retire with $1.2 Million on a $75,000 Salary

If you expect some pension income, you might have to save less. Depending on your expected needs in retirement, you might well want to have $1 million to $2 million (or more) for retirement. You'll need to have a withdrawal strategy by retirement, which will tell you how much you can take out of your nest egg each year with a low probability of running out of money.