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Millennials Will Need More Than $1.8M to Retire
Millennials born in the early 1980s will need at least $1.8 million to maintain their standard of living in retirement, while younger Millennials will need more than $2.5 million. So reports USA Today.
The expected required savings levels assume that they will need to generate $30,000 to $40,000 annually from their savings in today’s dollars and that inflation will average 2% a year.
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