Doc, You'll Need $4 Million

Physician's Money Digest, September15 2003, Volume 10, Issue 17

Physician'sMoney Digest


If you are an average reader who is lookingforward to retiring on a comfortableincome, you may be in for abig surprise. You're going to needmore than $4 million in retirementsavings. The assumptions are thatyou are 45 years old, have an averageannual household income of$200,000, will retire in 20 years andlive 20 years in retirement, will havean average annual investment returnof 10%, and will face an averageannual inflation of 3%. Visit torun your own personal numbers. Increase your savings and reduceyour living expenses.