I am 63 years old and tired of working but only have $390,000 in savings. How much can I spend per month if I retire now?
GaudiLab / Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. In 2022, the most recent year for which data is available, median retirement savings for Americans ages 55 to 64 was $185,000, according to the Federal Reserve (1). Let’s say you’re 63 with $390,000 in savings. … Read more