Considering early retirement? It is something most people think about, but it can be expensive.
Let's look at Eric's three retirement scenarios. Depending on what age Eric chooses to retire – 55, 60 or 65, he will need to save the following amounts each month.
|If Eric retires at age||55||60||65|
|He needs to save the following amount per month from age 25||$453.84||$298.91||$195.34|