Скачать или смотреть Can $1 Million Really Last Your Whole Retirement?

Wondering if $1 million is enough for retirement? In this video, we'll explore the answer to this crucial retirement savings question. We'll examine factors that impact retirement savings across the United States, such as inflation, healthcare costs, regional cost of living differences, and lifestyle expectations.

Key Considerations:

1. Retirement Expenses: How much will you need to live comfortably in retirement?

2. Inflation: How will inflation impact your purchasing power over time?

3. Investment Returns: Can your investments grow enough to keep pace with inflation and expenses?

4. Healthcare Costs: How will you cover healthcare expenses in retirement?

Is $1 Million Enough? Yes! The average retirement age in the United States is around age 65. The average lifespan is 77.5 years for the total U.S. population or 80.2 for women and 74.8 years for men. In the United States in 2025 $1 million dollars saved for retirement will last at least 15 years in all but one state (Hawaii). This data is according to the Visual Capitalist graphic illustrating how long $1 million, combined with Social Security benefits, would last in each U.S. state, according to data collected and compiled by GOBankingRates. We'll analyze different scenarios and provide insights to help you determine if $1 million in savings is sufficient for your retirement goals.


#personalfinance #retirement

RESOURCES CITED FOR THIS VIDEO

How long $1 million will last in retirement in every U.S. state—the difference between Hawaii and West Virginia is 77 years https://www.cnbc.com/amp/2025/02/19/h...

Mapped: How Far $1 Million Gets You in Retirement, by U.S State https://www.visualcapitalist.com/mapp...

How Far $1 Million in Retirement Savings Plus Social Security Goes in Every State https://www.gobankingrates.com/retire...

$1.5 million is the 'magic number' for retirement savings—here's how long it lasts in every U.S. state https://www.cnbc.com/amp/2025/03/15/h...

How long $2 million in retirement savings lasts in every U.S. state https://www.cnbc.com/amp/2025/04/19/h...

How much money you need to retire in every U.S. state—it's more than $700,000 https://www.cnbc.com/amp/2025/01/07/h...

U.S. Net Worth by Age: What the Data Shows [Updated for 2025] https://www.harnesswealth.com/article...

My bestselling eBook on D.E.B.T. Freedom is available on Amazon https://a.co/d/0sZMicL

FREE Personal Finance Community http://nas.io/garrett

//DISCLAIMER
This video is for informational purposes only. Nothing contained in this video should be construed as investment advice. This video description may contain affiliate links, meaning if you click on one of the product links, I’ll receive a small affiliate commission at no cost to you. These affiliates help support the channel and allow guests and me to continue making these free video tutorials. Thank you for your support!