You'll need at least $500,000 to be happy in retirement, say retired respondents to a recent
Survey respondents' satisfaction with their retirement peaked when their net worth was between $500,000 and $1 million. Having a much higher net worth didn't translate into an extremely happy retirement.
% of retirees who said they were "very satisfied" or "completely satisfied" with retirement, based on net worth:
Less than $250,000 = 51% said they were happy.
$250,000 - $499,999 = 64% said they were happy.
$500,000 - $999,999 = 74% said they were happy.
$1 million - $1.499 million = 77% said they were happy.
$1.5 million to $1.99 million = 79% said they were happy.
$2 million + = 78% said they were happy.
What's your magic number for retirement?
January 18th, 2010 at 01:22 pm 1263820941
Also interesting was the note near the end about how it didn't make a huge difference whether you invested conservatively or aggressively, as long as you diversified. That's important to keep in mind when getting overwhelmed and/or intimidated by all the investment choices out there.
January 18th, 2010 at 04:06 pm 1263830815
January 19th, 2010 at 02:49 am 1263869369
January 19th, 2010 at 01:55 pm 1263909318
Thanks for sharing! Now to get to work.
January 19th, 2010 at 04:26 pm 1263918367