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What Net Worth Do You Need to Retire?

January 21, 2022

At some point, you will have to ask an important question, “I much do I need to retire?”

There are actually several rules of thumb when it comes to saving for retirement. The most common, though, is somewhere near $1 million. Other experts suggest that you’ll 80% to 90% of your pre-retirement income or 12 times your salary before retiring.

What’s the best option for you? How will you know when you’re on the right path?

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