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Can I Retire Securely by Saving Only in an IRA? Absolutely, if you are married and each one of you saved $500 per month and the return is 8% annually in 30 years you will have 1.4+ million. Then, you just eat rice, beans and ramen noodles for the rest of your life + keep expenses really low. It's all about the expenses at retirement. You can live on $2000(with little fun) or $10K per month.
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Absolutely, if you are married and each one of you saved $500 per month and the return is 8% annually in 30 years you will have 1.4+ million.
Then, you just eat rice, beans and ramen noodles for the rest of your life + keep expenses really low.
It's all about the expenses at retirement. You can live on $2000(with little fun) or $10K per month.