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How Much Money Will You Need when You Retire at 65 if You Live to 100?
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How much money do you need to retire at 65? The traditional advice is to save 25 times your annual expenses, but this assumption is based on 15 to 20 years of retirement, which is no longer realistic. As more Americans live to 90 or older, retirement planning now requires preparing for 30 to 40 years of income.
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