Here's how long $1 million in retirement savings will last in 10 major U.S. cities (via CNBCMakeIt)
looked at average expenses for seniors, including food, health care, transportation, housing and utilities, cost of living and investment returns in major U.S. cities. The site used data from the Bureau of Labor Statistics and the Council for Community and Economic Research to calculate how many years a $1 million portfolio would cover in each place, including any investment returns earned.
Unsurprisingly, large coastal cities fared poorly. In places like Manhattan and Boston, $1 million would only be able to cover retirement expenses for less than 15 years. However, in more affordable areas, such as Memphis, Tennessee, and Wichita Falls, Texas, the same amount of money would last closer to 30 years —Here's a closer look at how far a $1 million retirement portfolio would get you in 10 major U.S. cities, from most to least number of years.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
10 cities where your $1 million nest egg will last longestIs $1 million enough to live off of in retirement? In one Texas city, that will last you 31.3 years.
Consulte Mais informação »
Terrell Owens Suing Storage Co. Claiming It Stole $1 MIL Worth Of His StuffTO says an Atlanta storage company stole his stuff and sold it without him knowing.
Consulte Mais informação »
Docker, once worth over $1 billion, tells employees it's trying to raise cash amid 'significant challenges'While Elastic and MongoDB have managed to build big businesses around their open-source software, Docker is looking to private investors to keep going.
Consulte Mais informação »
10 cities where your $1 million nest egg will last longestIs $1 million enough to live off of in retirement? In one Texas city, that will last you 31.3 years.
Consulte Mais informação »
Peloton deepens IPO slump: Stock drops 11% in trading debutPeloton had the third-worst U.S. trading debut in 10 years for companies that have raised at least $1 billion.
Consulte Mais informação »
Everything to Know About Justin & Hailey Bieber's Wedding CeremonyFrom the bachelorette party to the ceremony, here's the ins and outs of Justin and Hailey's big day.
Consulte Mais informação »