Now, thanks to inflation and other factors, is $2 million a safer goal to retire on? Something like, 'What is the interest on 2 million dollars?' I remember while growing up, I always imagined $1 million as that unattainable, “you’ve made it” number.
Let’s pick a number and figure out the interest you’d earn on it per month. Our partners don't dictate what we choose to write. When creating content, we adhere to high editorial standards to make sure the information presented remains objective. Pages on LifeAndMyFinances may contain affiliate links to products for which we receive a commission when a user makes a purchase.
