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How much money do I need to retire?

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How much money do I need to retire?

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The right answer is down to lifestyle and how much you need to service that lifestyle. If you need $100,000 per year to live then the amount of money you need to retire is far greater than if you need $50,000 per year to live. If you only need $20,000 to year then you will need far less money.

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Terry Savage, AOL Money Coach, urges you not to underestimate the cost of financial security and gives tips on preparing for this reality.

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