Retirement can be a wonderful time when you get to relax, explore your passions and spend time with your family. No matter how carefully you’ve planned for this period, though, you may find yourself asking: How long will my money last now that I’ve stopped working?
It’s understandable if you are concerned. If you don’t know how long your money will last, you could be in for a rough surprise. This guide will walk you through figuring out how long your money will last in retirement based on your current savings and expected expenses.
How to Figure Out How Long Your Money Will Last
Figuring out how long your money is going to last in retirement is a pretty simple mathematical calculation. You need to know how much money you have, how much money you expect to bring in during retirement and approximately how much money you spend each…
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Last modified: October 4, 2018