Millennials: You’ll Need 20k Per Month to Retire Due to Inflation

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I sat down with my financial advisor the other day and calculated the ideal amount that I would need to save for retirement. I determined that me and my wife would like to have between $5,000-$6,000 per month for retirement.

Amazingly, my advisor told me that due to inflation, at 65 years old I would need $20,000 per month to have the same buying power.

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