Planning for retirement can be really intimidating. There are so many different retirement plans and variables to think about that can influence your lifestyle after you retire. Actually putting enough money aside and saving for retirement is even more challenging. We at MedAlertHelp.org conducted tons of research and went through dozens of facts and stats to help you with some of the burning questions you may have including the following:
- What is the average retirement age in the US and how does it compare to the rest of the world?
- How long can you expect to enjoy retirement?
- How much money do you really need to retire?
- Will a million dollars last long enough?
- What are the new retirement savings targets experts recommend?
- How much money should you have saved by the time you turn 30, 40, 50, 60, and on the day you retire?
- What is the “multiply by 25 rule” and the “4% retirement rule?”
- What percentage of your salary should you set aside?
- How does the American nest egg reality compare to the recommendations?
- What are the actual retirement savings balances and contribution rates?
- What are the differences between 401(k), Roth 401(k), IRA, and Roth IRA retirement plans?
- What are the best places to retire in the US and overseas?
We have answered all of these questions and so much more in our infographic through 77 key retirement stats & facts. We’ve worked hard to condense this complex information in an easy-to-understand visual format.
For even more coverage on the subject, check out our Retirement Statistics and 401k Stats & Facts features. And while you’re at it, make sure to read about the latest Healthcare Statistics because medical bills can erode a substantial amount of cash in your retirement fund. Luckily, you can also save by taking advantage of the many Senior Discounts we have in store for you.
But first, take a look at our stunning infographic titled “How Much Money Do I Need to Retire?”