Sources: Bureau of Labor Statistics (BLS),Ĭouncil for Community and Economic Research Long $1 million would cover retirement expenses in each of the cities in our study.Ĭities where $1 million lasted the longest ranked the highest in the study. Then, we divided $1 million by the sum of each of those annual numbers to determine how We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. The average cost of living for retirees in the largest U.S. To adjust those national average spending levels based on the costs of each expense category (housing,įood, healthcare, utilities, transportation and other) in each city. We then applied cost of living data from the Council for Community and Economic Research How many years of retirement a $1 million nest egg would cover in cities across America.įirst, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures We analyzed data on average expenditures for seniors, cost of living and investment returns to determine You can access their profiles to compare their qualifications before making a decision. After answering some questions about your goals, you’ll be linked with up to three advisors in your area.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |