7/19/2013 – Is $1 Million Enough to Retire? (Next Avenue)

The New York Times recently published an article headlined “For Retirees, a Million-Dollar Illusion,” which questioned whether $1 million in savings is enough to retire on, given today’s low interest rates and stock market volatility, the potential for inflation and increased life spans.

The article sparked a media frenzy – how could $1 million not be adequate, many people responded – and only served to further depress the majority of Americans with retirement savings of far less than $1 million.

So is $1 million enough money to retire on?

Read the full article at Next Avenue.