Sufficient income in retirement depends on

Question

Quizplus · Accepted Answer

Sufficient income in retirement depends on both the savings rate and return on investment. A higher savings rate and a higher return on investment will both contribute to a higher income in retirement. Starting to save later with larger sums may help catch up on savings, but it may not be enough to ensure sufficient income in retirement. The lower the return on investment, the more you will need to save to ensure you have enough income in retirement.

Sufficient Income in Retirement Depends on