How Long Can You Live Comfortably on $1.1 Million in Retirement?

Discover how long $1.1 million can sustain your retirement lifestyle with key insights and strategies.

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How long 1.1 million lasts in retirement depends on several factors like annual expenses, investment returns, and inflation. A common rule of thumb is the 4% rule, suggesting you can withdraw 4% per year from your retirement savings. On this basis, $1.1 million could provide around $44,000 per year for about 25-30 years. Adjust this rule to match your personal expenses and lifestyle for a more accurate estimate.

FAQs & Answers

  1. What is the 4% rule? The 4% rule is a guideline that suggests you can withdraw 4% of your retirement savings annually without running out of money.
  2. How can I estimate my retirement expenses? To estimate your retirement expenses, consider your current lifestyle, expected healthcare costs, and any planned travel or hobbies.
  3. What factors affect how long my retirement savings will last? Factors include your annual expenses, investment returns, inflation rate, and your withdrawal strategy.

Watch More

For more insights on retirement planning, explore our videos on budgeting for retirement and strategies to maximize your savings.

  1. Understanding a $1 Million Retirement: What to Expect Explore what a $1 million retirement looks like and how to budget for a comfortable lifestyle during retirement.
  2. How Long Can You Stretch a Million Dollars in Retirement? Discover how long a million dollars can last in retirement based on spending habits, investments, and unexpected costs.