How much income do couples need to survive & thrive in retirement?

One couple’s budget for retirement may be very different from another’s. A budget is simply a plan for spending the money that you have coming in.

If you’re wondering, how much should I save each month?, it’s helpful to start with the basics:

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– What do you expect your expenses to be each month? – How much income will you have for retirement? – Where will this income come from?

It’s also important to consider how your retirement income needs may change over time and what circumstances might impact your financial plan.

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Figuring out your monthly expenses is central to determining what is a good monthly retirement income.


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