Why a $1.8 Million Nest Egg at 65 Only Buys $54,000 of Real Annual Spending
By
Carl Sullivan
3h agoen
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24/7 Wall St.Why a $1.8 Million Nest Egg at 65 Only Buys $54,000 of Real Annual Spending247wallst.comA married couple turning 65 this year with $1.8 million saved and $44,000 in combined annual Social Security has done almost everything right. They are also about to discover that their big retirement portfolio number and their actual spending power live in two very different worlds. Apply a 3.8% gross withdrawal to that $1.8M and ... Why a $1.8 Million Nest Egg at 65 Only Buys $54,000 of Real Annual Spending
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