An article written by an Atlanta-based certified financial planner and published Tuesday by Forbes indicates that retirement may not be as difficult as many Americans think. Moss cited a February 2024 report from the National Institute on Retirement Security that backed up other recent research about a pending “retirement crisis“ in the U.S. Using some basic calculations for retirement savings across a variety of timelines, Moss attempted to reverse the apprehension indicated by these findings. Moss began his argument by assuming a target of $1.25 million in ”liquid retirement savings, adjusted for inflation,” along with an assumed return on investment of 8% per year. With $250,000 invested at age 40, this person would not need to save anything else to reach their $1.25 million goal.

Source: Forbes June 12, 2024 09:18 UTC