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Chart of the Day: Is a Million Dollars Enough?

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Today’s Chart of the Day from the blog Is $1 million enough to retire? by Fidelity explores a common retirement question: Is $1 million enough? Using historical market performance and portfolio allocations compared to inflation and rising health care costs, the answer may vary.

Whether $1 million is enough to retire depends largely on lifestyle, age, and any outstanding debts. However, shaping a plan is extremely important, nonetheless. Preparing for rising costs, emergencies, and periods of market volatility can create confidence, regardless of what your nest egg is.