How much will you need for retirement? Find out with this free tool! So is an actual ton of cash still enough to get you comfortably through your golden years? Let’s find out! Is $1 Million Really Enough to Retire On?ĭo you remember that old fable about the goose that laid the golden eggs? Think of all your retirement accounts as your goose, and the growth your investments produce each year inside those accounts (aka the money your money makes) as the golden eggs you plan to live off of in retirement. ![]() It was considered enough to enjoy a dream retirement and leave an impressive legacy behind.īut lately, the image of the $1 million nest egg has started to fade. Articles like “How to Get By on $1 Million in Retirement” have been popping up all over the place, filled with advice about tapping your home equity or retiring overseas to make your savings last. Did you know that if you had $1 million in dollar bills, it would literally weigh a ton and take you about 12 days to count it all? No matter how you slice it, that’s a lot of money!įor a long time, a $1 million nest egg was the measure of retirement planning success.
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