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Want to Retire With $1 Million? Here's How Much You Should Aim to Have Invested Based on Your Age
A $1 million portfolio can be a great target for retirement. If you have a portfolio balance that significant, then you can use it to invest in dividend stocks and other income-generating investments. By doing so, you may not even have to deplete much of your savings, since the dividend income may provide you with sufficient cash flow to pay your bills and stay on top of other expenses.Getting your portfolio to $1 million, however, can be challenging. Here's how you can draw up a plan to get there.Image source: Getty Images.Continue reading
A $1 million portfolio can be a great target for retirement. If you have a portfolio balance that significant, then you can use it to invest in dividend stocks and other income-generating investments. By doing so, you may not even have to deplete much of your savings, since the dividend income may provide you with sufficient cash flow to pay your bills and stay on top of other expenses.
Getting your portfolio to $1 million, however, can be challenging. Here's how you can draw up a plan to get there.
Image source: Getty Images.
