TSN - How To Retire At 62 With Just Half A Million
In the previous article that we wrote on our hypothetical couple - John and Lisa - we tried to demonstrate how they could retire in 10 years, starting with a modest savings of $300,000 at the age of 50 years that would grow to $1 Million by the time they actually retire at 60. We had assumed their annual income to be $140,000 and that they would save 16% of their annual income for the next 10 years to reach their goals.
Not surprisingly, some readers complained that $1 million was too high a target