380 How Long Will $1 Million Dollars Last In Retirement

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380 How Long Will $1 Million Dollars Last In Retirement

In this podcast episode Jason creates a hypothetical scenario to explore how long $1 million dollars will last in retirement. To create this scenario we need to make assumptions about the following.
1.) How much do you spend?
2.) How much Social Security will you have?
3.) How much will you pay in taxes over your lifetime?
4.) How long will you live?
5.) What rate of return will your money grow every year?
6.) How will inflation impact your retirement spending plan?
7.) Is $1,000,000 enough to retire comfortably and not run out of money in retirement?

★★★★

Articles, Links & Resources:

Shiller CAPE Ratio
10 Year Treasury Rate
Retirement Budget Calculator
BLS.GOV Inflation Calculator
Social Security Survivor Benefits

By Jason Parker|2022-04-26T10:57:35-07:00April 27, 2022|

About the Author: Jason Parker

I have a passion to help educate and inspire retiree’s to take action to achieve clarity, confidence and freedom in their retirement. I am the author of Sound Retirement Planning, the host of Sound Retirement Radio and the President of Parker Financial LLC.

Helping with a retirement plan designed to achieve clarity, confidence and freedom.

Retirement Budget Calculator

Parker Financial

By providing your contact information, you may be offered information regarding the purchase of insurance and investment products.

Parker Financial LLC does business as the following: Sound Retirement Planning, Sound Retirement Radio, Insurance Services by Parker Financial, LLC, & Parker Financial. Home office located at 9230 Bay Shore Drive NW #201, Silverdale, WA 98383. Jason Parker, RICP® is a Registered Investment Adviser Representative and has a Washington State insurance license. Parker Financial LLC is a registered investment adviser with the SEC. The adviser may not transact business in states where it is not appropriately noticed-filed, excluded or exempted from registration. Most states allow for a de minimis exemption of up to 5 clients in any state. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without notice filing with the SEC or exemption. Retirement Budget Calculator LLC and Parker Financial LLC are affiliated entities and under common control.

380 How Long Will $1 Million Dollars Last In Retirement