This news isn't about cryptocurrency! It's about a couple planning for retirement. They have lots of money saved, and they want to know how much they can safely take out each year without running out.
- They have $1.1 million in savings and $1.6 million in a retirement account.
- They want to retire soon and start getting Social Security payments.
- They need to figure out how much they can spend each year without using up all their money.
Savings | Retirement Account |
---|---|
$1.1 million | $1.6 million |