A shocking 62% of Americans have no idea how long their retirement savings will last, according to the Schroders 2025 U.S. Retirement Survey. Factors like life expectancy and investment returns make it challenging to predict. To estimate your retirement savings duration, consider all income sources and expenses. Investing your savings can significantly extend its lifespan, potentially lasting over 30 years with a 5% return. Inflation’s effect on purchasing power and life expectancy also play crucial roles in planning for retirement. It’s essential to continuously adjust your plan to ensure your savings last.
Read more at Yahoo Finance: How To Figure It Out in 2025