How to Retire With $1.2 Million on a $58,000 Salary
The average annual salary in the U.S., according to the Bureau of Labor Statistics, is $58,260. While that number has been steadily climbing over recent years, depending on where you live in the country, that number might seem pretty low.
So, can you really retire comfortably if you're an average earner? The answer is a resounding yes. Here's how:
Retirement experts advise you should plan to spend about 80% of your current salary when you retire. If you're an average earner, that comes out to $46,608 of annual retirement income.
Source Fool.com
