Menu Close

How much you'll need to invest every month to earn $35,000 per year in interest for retirement

This post was originally published on this site

There are countless retirement strategies that can help you fund your golden years.

How to earn $35,000 in interest alone every year in retirement
What to watch next

But an interest-only retirement plan can help remove one of the biggest fears about life after leaving your job: Will my money outlast me?

Here’s a case study.

If you want to get $35,000 every year in retirement, you will need to save more than $1.1 million.

Check out this video for a full breakdown of the numbers and to learn how much you will need to save every month to reach your goal.

More from Invest in You:

How much you can expect to get from Social Security if you make $40,000 a year

The real ‘Catch Me If You Can’ con artist says this classic scam is making a comeback

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Continue Reading