Estimate Needed Funds Before Retirement

If you're planning to retire at 50, you may be wondering how much is needed to sustain your household over the coming decades. For Americans between the ages of 45 and 54, the average savings is $254,700, according to data from the Federal Reserve Survey of Consumer Finances. Individuals who have accumulated $2 million will have significantly more than that total. However, there are other factors to think about before stepping away from the office. Read Full Article »