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Is It Possible to Retire on $500,000?

TheMotleyFool

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For most people, $500,000 is a lot of money. It's more than many Americans' homes and well over what most workers make in a year. But when it comes to retirement savings, while still a large sum, $500,000 doesn't go as far as many would hope.

While it may be possible to retire on $500,000, depending on what other sources of retirement income you have, it's important to understand what that future looks like before you get there.

Image source: Getty Images.

Source Fool.com

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