Do you find how it applies? The representation right here can be a statue of the ancient mariner with a dead albatross.
If $20,000 seems like far as well little for your retirement lifestyle, realize that in pension a person will get social security as well. The typical retiree is right now getting about $16,000 a year. Therefore with $20,000 in personal savings that’s about $36,000 a full year to live on in retirement.