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The Simple Way to Find Your Retirement Number

August 9, 2016

Antique skeleton key on U.S. bills. Green-toned.

One of the biggest problems with saving for retirement is that you can’t be absolutely sure about what experts call your retirement number: the amount of money you’ll actually need once you retire. To give you a target you can shoot for, there are simple methods you can use to come up with an estimate of your retirement number.

Below, we’ll run you through the calculation and give some of the pros and cons of using it over more complex methods.

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