Wednesday, September 26, 2012

A Comfortable Retirement Income

How much money per month will your family need for a comfortable retirement? That's what MetLife Mature Market Institute asked respondents aged 45 to 80 in an online survey, and the answer was $4,371 per month on average (or $52,452 annually). With Social Security providing an average of $1,235 per month, that means $3,136 additional monthly income needs to come from other sources such as savings and pensions.

Source: MetLife Mature Market Institute, The New American Family--the MetLife Study of Family Structure and Financial Wellbeing

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