Ask the Dolans: How long will our retirement savings last?

Ken and Daria Dolan
Jul 25th 2008 at 10:00AM

Filed under: Budgets, Retire, Saving, The Dolans

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.

Dear Ken and Daria,

My husband recently retired at age 62 and we are planning to live off our taxable funds for a few years until his IRA kicks in. Is there a formula for figuring out how long our money will last us?

-Kathi

Curious how long your retirement savings will last? Use this retirement calculator at Dolans.com to find out!

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Reader Comments (Page 1 of 1)

7-25-2008 @ 8:36PM

Marie Falsetta said...

Im 63 and I can retire Sept 1 2009 for full retirement (65) from my job. My questions is> Monthly 4000.00 or lump sum 600,000.00 pay out. I have 200,000 in 401K, 180,000.00 in savings, 160,000.00 mortgage and aprox. 8000.00 in credit cards. Apt. maintenance 900.00 How long will the money last. I am single.
thanks,

Marie

8-20-2008 @ 7:13PM

Jon said...

One type of investment for a retirement fund is currency trading ETFs. They are a good way to get additional diversification. This site had some good info on these funds
http://www.currencytradingfunds.com

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