Question

How many years will you need to provide a steady retirement income for yourself based on how long you are likely to live? Don't assume you can work until normal retirement age - your health may not permit that. Plan to retire a few years early to give yourself a safety buffer in case your health deteriorates sooner than planned or in case you need to stay home to care for a loved one. I am likely to live until I am 85

Answer #1

For attaining 30 years of retirement income

1. One should not invest in risk assets from age 45.

2. Planning less expenditure on housing which constituters 1/3rd if
the expenses from an American household will help. This can be
minimised by preferring to buy houses at the outskirt which might
be cheaper than in a central area.

3. Investing in retirement fund from age 30 can help a
lot.

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