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Author: CountUptoten Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63149  
Subject: Re: WSJ: SWR=5% Date: 3/21/2010 8:35 PM
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per intercst: http://online.wsj.com/article/SB126912089798665247.html?mod=......

And from this you can estimate the savings you will need to accumulate in order to generate that income each year. It's about 20 times as much as the annual income.


Here's The Street's take:

http://finance.yahoo.com/focus-retirement/article/109077/1-m...

1 million ain't enough.

Conventional wisdom says you need to save $1 million for retirement.

That target may be easy to remember, but it falls short of the true cost of what's required for post-career comfort. Longer life spans, the threat of inflation and the uncertain future of Social Security benefits make this long-touted savings advice inadequate for most, advisers say.

Scottrade recently polled 226 registered investment advisers on the topic and found that 71% don't believe $1 million is enough for the average American family. Most said families need to save double, or more than triple, the amount.

"Younger generations, especially, need to set their retirement goals higher than other generations and start saving as early as possible," says Craig Hogan, Scottrade's director of customer-relationship management and reporting

Count Uptoten
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