Here’s How To Make $1 Million Last Longer In Retirement

Can you afford to retire if you have $1 million in savings? As with many questions, the answer is “It depends.” Your values, circumstances, and smart planning can make or break a financially successful retirement. Let’s look at the details.

Is $1 Million A Lot Of Money In Retirement?

If you compare yourself to all Americans, having $1 million or more in retirement savings is a lot of money. According to one report, just 3.2% of Americans have more than $1 million in savings.