Is It Really Possible to Retire With $100,000 or Less in Savings?
Saving enough to retire comfortably can be incredibly challenging. Around 65% of Americans have less than $100,000 saved for retirement, according to a report from the Employee Benefit Research Institute. And of that group, more than one-quarter have less than $1,000 socked away.
If your retirement savings are falling short, it can be hard to catch up. But how much do you actually need to retire? If you reach retirement age with $100,000 in the bank, just how far will that money go?
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Source Fool.com
