How Long Will my Retirement Savings Last? | Bangor Savings Bank

How Long Will my Retirement Savings Last?

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You've made it to retirement, or perhaps you're just counting down the days until you retire. You've got money put away, but need to know how long it will last. There are a number of key factors that will determine that, including your monthly spending and other sources of income. The rate of return on your outstanding savings balance, the taxes you pay on withdrawals and the impact inflation has on your required monthly spending will all have significant impact as well.

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