This article isn't about cryptocurrency! It's about planning for retirement. It talks about how much money you might need when you stop working. It explains how your age affects your retirement plan, and how much money you'll have from your savings and Social Security.
- Retirement planning depends on your age.
- You need to consider your savings and Social Security.
- An advisor can help you plan.
| Age | Income from Savings (Estimate) | Total Yearly Income (Estimate) |
|---|---|---|
| 65 | $23,680 (from IRA) or $49,476 (from annuity) | $46,480 or $72,276 |
| 65 (with annuity) | $49,476 | $72,276 |
| 55 (planning for 65 retirement) | $55,130 (from IRA) or $85,956 (from annuity) | $77,930 or $108,756 |
