How Long Will $1 Million Last in Retirement?
One million dollars is a lot of cash, but when it comes to retirement expenses, that money may not last quite as long as you think.
Retirees are living longer, and general living expenses are continuing to rise. And considering you may not be able to rely on Social Security benefits as much as previous generations, you'll likely have to lean on your savings for the bulk of your retirement income.
This means $1 million may not go as far as it used to in retirement. But just how long will it last?
Source Fool.com
