ilmscore | Will $1 Million Be Enough By Your Retirement? (How Much You'll Need AFTER Inflation)

Will $1 Million Be Enough By Your Retirement? (How Much You'll Need AFTER Inflation)

Published: 2025-01-29
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
For a person aged 35 (retiring at 65), $1 million saved today will only have the purchasing power of $377,000 due to inflation (assuming a 3.3% annual rate).
"if you're the age of 35 right now you'll see that $1 million today will only be worth about $377,000 in purchasing power by the time you retire"
Retirement Savings
Pending
For a person aged 45 (retiring at 65), $1 million saved today will only have the purchasing power of $522,000 due to inflation (assuming a 3.3% annual rate).
"If you're at the age of 45 or about 20 years away from retirement your purchasing power of $1 million today in the future is going to be roughly half at $522,000"
Retirement Savings
Pending
For a person aged 25 (retiring at 65), $1 million saved today will only have the purchasing power of $273,000 due to inflation (assuming a 3.3% annual rate).
"if you're 25 so a millionar today is only going to be worth about $273,000 and purchasing power in about 40 years"
Retirement Savings
Pending
A 25-year-old will need $3.66 million by age 65 to achieve the same purchasing power as $1 million today, assuming a 3.3% annual inflation rate.
"if you're the age of 25 right now and you have 40 years until retirement a million dollar today would look like $3.66 million when you're 65"
Retirement Savings
Pending
The median US household income will be significantly higher by the year 2065.
"in 40 years from today in 2065 I'm sure the median household income is going to be a lot higher"
Economy / Income
Pending
A 35-year-old will need $2.64 million by age 65 to achieve the same purchasing power as $1 million today, assuming a 3.3% annual inflation rate.
"if you're the age of 35 right now... the number we're looking for is $ 2.64 Million by the time we're 65 to basically have the same purchasing power of a million do today"
Retirement Savings
Pending
A 45-year-old will need $1.9 million by age 65 to achieve the same purchasing power as $1 million today, assuming a 3.3% annual inflation rate.
"if you're 45 right now that'll be 1.9 million"
Retirement Savings
Pending
A 55-year-old will need $1.38 million by age 65 to achieve the same purchasing power as $1 million today, assuming a 3.3% annual inflation rate.
"if you're 55 right now that'll be $1.38 million"
Retirement Savings
Pending