According to Fidelity Investments, The average person has $182,000 at retirement age.  To get to the equivalent amount, you would have to save $2,980 a year for 40 years with 7% annual returns.  Then, at retirement, you could withdraw $1,390 per month before taxes.  At 85, you could withdraw before taxes the equivalent of $770 per month.  With 14% returns, the same savings plan could grow to about $1,226,000.  You could withdraw in today’s dollars before taxes over $14,500 a month.  At age 85, you could withdraw before taxes the equivalent of $8,000 per month.

To understand how our system works, please watch my video to the right and visit the pages below.