Will I have enough money to retire?
You may have heard news outlets or personal finance sites say Americans should aim to put away $1 million or more for retirement. Meanwhile, the median retirement account balance is nowhere near that—it’s about $50,000, according to data from the Federal Reserve. So how much do you need? Creating a realistic retirement savings goal depends on your lifestyle, goals, location and more. To figure out if you’ll have enough money to retire, consider the following.
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