You Don’t Need to Be a Millionaire to Retire

This video tackles the big question: Is $1 million enough to retire on? We'll break down how long $1 million will last and discuss how much you really need to save for retirement. CNBC released an article where they go through an analysis done by gobankingrates to determine how many years $1,000,000 would last in each state. I was a little surprised by the results so I did a little more digging. What I discovered is that they were leaving a lot of factors out of their calculation which would drastically change the results. So I decided to run the numbers on my end, in a more realistic way, to determine how long $1 million would last. Whether you're close to retirement or just starting to save, this video will show you how I'd think through figuring out if you will have enough money to last in retirement. 📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ Original article from CNBC: https://www.cnbc.com/2024/01/01/how-long-1-million-in-retirement-savings-lasts-in-every-state.html Check Out My Recommendations (It helps support the channel): 📖 Free copy of my Spending Review Spreadsheet: https://bit.ly/48lMVZ1 📧 Business Inquiries: https://bit.ly/44AgfLw Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running. Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.