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It's the question that haunts you as you approach retirement age: What's my "retirement number"? The number represents how much you'll need in the bank before you can retire without having to worry about running out of money.
Though there's no surefire way to know with 100% certainty what this number needs to be, there are a dizzying array of variables to take into consideration that can make the process seem impossible.
But there is hope where many see despair.
The slideshow below takes the average American household -- a 50-something couple with take-home pay of about $50,000 after taxes -- and shows how many of the assumptions financial experts think you should make can overstate your retirement number by over 40%.
How to get even more income during retirement
Social Security plays a key role in your financial security, but it's not the only way to boost your retirement income. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today.