{
  "id": 2806921,
  "title": "Here's the Truth About How Much You Need to Save If You Want to End Up a Millionaire",
  "url": "https://urgent.news/2026/08/23/heres-the-truth-about-how-much-you-need-to-save-if-you-want-to-end-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T14:50:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/articles/heres-truth-much-save-want-145000314.html"
  },
  "original_language": "en",
  "account": "To retire with a million dollars in the bank, you should aim to withdraw about $40,000 annually in your first year of retirement, adjusting for inflation. The widely followed \"4% rule\" advises withdrawing 4% of your retirement savings each year. Many people aspire to save $1 million for retirement, but does this target remain realistic? The amount you need to save depends on when you begin and the expected returns. If you plan to retire at 67 with a 10% average annual return, you'll need to invest monthly amounts ranging from $250 to $1,000 to reach $1 million. Starting early significantly eases this process, but even beginning at age 40 can get you close to the goal by maxing out an IRA. Delaying retirement also helps, as more years of saving accumulate. Retiring a millionaire requires starting as soon as possible, even if contributions are modest. Automating investments can prevent missed contributions. While $1 million may seem sufficient, it's crucial to consider inflation's impact on purchasing power. Aim for a goal that replaces around 80% of your final salary. Keep in mind that most Americans lag in retirement savings, but some lesser-known Social Security strategies could increase retirement income. For more such strategies, consider joining Stock Advisor.",
  "summary": null,
  "key_points": [
    "Aim to withdraw $40,000 annually in retirement, adjusting for inflation",
    "Monthly investments from $250 to $1,000 needed to reach $1 million goal",
    "Starting early significantly eases the process of saving $1 million"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Here's the Truth About How Much You Need to Save If You Want to End Up a Millionaire",
        "url": "https://urgent.news/2026/08/23/heres-the-truth-about-how-much-you-need-to-save-if-you-want-to-end-up-2811616",
        "published": "2026-08-23T14:30:00.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Here's the Truth About How Much You Need to Save If You Want to End Up a Millionaire",
        "url": "https://urgent.news/2026/08/23/heres-the-truth-about-how-much-you-need-to-save-if-you-want-to-end-up-2813383",
        "published": "2026-08-23T14:50:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}