A Million Bucks Ain’t Enough
Jun 25th, 2007 by Shaun Carter
I stumbled across a really great article regarding retirement savings and some very easy tables to utilize for finding out if you’re on track to retire a millionaire. But wait… a million dollars when I retire 40 years from now won’t have anywhere near the buying power of a million today, but that’s okay because the charts do the math for you based on different rates of inflation.
Apparently I will probably need more than $5 Million when I retire just to equal the buying power of $1 Million today. Kind of scary isn’t it?
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