Certain expenses are bound to decrease when you retire, especially if you've successfully eliminated your debts like your car and mortgage. Your cost of living might also drop if you've downsized or.
According to a recent survey conducted by GOBankingRates, a surprisingly high percentage of Americans plan to spend less than $2,000 per month on retirement. While 29% plan to spend less than $1,500.
The average retirement age is 61 years old, according to a 2022 Gallup survey. Millennials, meanwhile, are roughly between the ages of 27 and 42. What this means is that people born in this generation.
The average retirement age is 61 years old, according to a 2022 Gallup survey. Millennials, meanwhile, are roughly between the ages of 27 and 42. What this means is that people born in this generation.