Is $1 million enough to retire? You’re asking the wrong question.

Is $1 million enough to retire? You're asking the wrong question.

Planning for your retirement isn’t as easy as picking a target number. We explain why. (pixabay.com) By Karin Price Mueller

Stories offering retirement advice often declare $1 million as an important milestone for savings accounts.

Sure, a cool million sounds great, but is it really enough? Or is it more than you need?If you’re asking if $1 million is enough to retire on, you’re asking the wrong question.It’s not how much you have in the bank, but how much you spend.Here’s a realistic way to see if your savings and other resources are enough to support your retirement. When you […]

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