The Most Important Retirement Table You'll Ever See
You may have more than one goal for your investments. For most of us though, there's one overarching investment goal. That's saving enough to fund a nice retirement; at the very least, we'd like to maintain the standard of living we're enjoying during our working years.
A recent survey by insurer and mutual fund company Northwestern Mutual indicates that the average person thinks a $1.46 million nest egg is the magic number. And that figure certainly seems reasonable enough. After all, this amount of money can reliably generate on the order of $60,000 worth of annual income. Paired with whatever retirement benefits you're due from Social Security, that would leave you about as well off as most other people are these days.
Problem? Saving up nearly $1.5 million can be such an intimidatingly big goal that some people may not even bother trying. It's just a lot of money to amass on nothing but an ordinary income -- even if you're investing your savings well.
Source Fool.com
