If you are starting with no portfolio and contribute $500/mo for 30 years while generating an annualized 8% return, you will end up with a $679,699.27 portfolio.

Allison Southwick and Robert Brokamp breakdown how millionaires spend, save and invest on this week's Answers. ... retired at age 30 with a portfolio of about $700,000 in a paid-off house.

So if you have a $2 million retirement portfolio, you can withdraw $80,000 the first year. This is a little more than half the $150,000 you’re looking to spend a year.

Allison Southwick and Robert Brokamp breakdown how millionaires spend, save and invest on this week's Answers. ... retired at age 30 with a portfolio of about $700,000 in a paid-off house.

There’s a lot of advice out there about retirement. "Save early. Max out contributions. Diversify your portfolio." But ...

In other words, it’s probably OK to spend a bit more from your portfolio early on than the oft-cited 4% guideline—because you may well spend less later, ... (or, I suppose, save).

The balanced view - rather than hectic risk-taking or attempts to beat the market - is the key to building up a profitable collection of investments. Be prepared to invest time and money, too ...

— -- Your Portfolio: Each month a financial planner reviews a reader's portfolio and suggests improvements. Add up all the time that Eugene and Tracy Williams spend serving God and country ...

How fast or slow consumers spend their savings is anyone's guess, but it will have a ripple effect on the global economy. If, for example, savings are spent faster, it could boost global GDP by 4. ...

When it comes to retirement, the formula may be simple - save more and spend less. (Photo by Gideon ...More Mendel/Corbis). Corbis via Getty Images. Planning for retirement doesn’t have to be ...