Re: Retire At 80?
Originally Posted by
tsptalk
Many of us won’t be able to retire until our 80s
You’ll probably have to work much longer than you anticipated
"Those who earned between $11,700 and $31,200 will need to work till age 76 to have a 50% chance of covering basic expenses in retirement. Those who earned between $31,200 and $72,500 will need to work to age 72 to have a 50% chance and those who earned more than $72,500, those in the highest income quartile, catch a break; they get stop working at age 65 to have a 50/50 chance of funding their retirement."
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Interesting article. This will become more true as inflation looms on the horizon. Whether one has paid off their mortgage and credit card debt will be a major factor in the equation.
God bless the United States of America!
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