Want Over $45,000 in Retirement Income? Invest $500,000 in These 7 High-Yield Dividend Stocks
How much money do you have to save to retire comfortably? The amount will vary from person to person. However, we can make some assumptions based on averages.
For example, the median household income in the U.S. was $70,784 in 2021, according to the U.S. Census Bureau. The average annualized Social Security benefit for retirees this year is around $21,411. There's a gap of $49,373 between the two figures.
Generating that much money will require a significant amount of money in your retirement account. But you can get pretty close with less retirement savings than you might think. Want over $45,000 in retirement income? Invest $500,000 in these seven high-yield dividend stocks.
Source Fool.com
