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The design of these parameters aims to provide a safety net for couples when they reach retirement age, especially if one partner has earned considerably less over their working years.
As of January 2022, retired couples who receive Social Security benefits collect an average of $2,753 per month. This amount equates to what you could get with a minimum wage job.
The 25x rule is a guideline used to estimate how much you need to save for retirement.
Wikipedia
Many married couples are leaving retirement money on the table, according to a new working paper, and those with signs of trouble are most at risk.
Just enter your current savings, your anticipated Social Security and pension income and your total retirement income goal. The calculator will tell you how much money you’ll need for the...