If you can save enough money now, you can fund your retirement by living off of your returns without draining your nest egg. Luckily, with time and dedication, you can make it happen. The official retirement age for most Americans is 67 years old. But that number largely matters for Social Security benefits. If you want to retire early, however, you will need a plan that relies primarily on your own savings and investments. CNBC crunched the numbers, and we can tell you how much you need to save now to safely get $75,000 of passive income every year in retirement. First, some ground rules. The numbers assume you will retire at 45, have no money in savings now and plan to save a substantial amount of income to reach your goal. For investing, we assume an annual 4% return when you are saving. We do not factor in inflation, taxes or any additional income you may get from Social Security and your 401(k). In retirement, we use the “4% rule,” which is a general principle that says you can comfortably withdraw 4% of your portfolio every year. It is important to note with the recent market volatility, there is a risk you’ll have to lower your spending percentage in the future. Check out this video to get a full breakdown of the numbers.
How can you tell if the mask you’re wearing is protective enough against the coronavirus? Correspondent David Pogue volunteers as a test subject to see how N95s work and learns about the science of face coverings.
Demand for food delivery has soared amid the pandemic, but restaurants are struggling to survive. In a fiercely competitive industry, delivery services are fighting to gain market share while facing increased pressure to lower commission fees and provide more protection to their workers. Video/Photo: Jaden Urbi/WSJ
Tuition at America’s public universities has nearly tripled since 1990. With President Biden looking to ease the burden for some students, experts explain how federal financial aid programs can actually contribute to rising costs. Photo: Storyblocks
A video to help you understand social audio. Audio-only social-media venues are all the rage right now. How does it all work and what’s there to listen to? WSJ’s Joanna Stern went inside Clubhouse and Twitter Spaces to talk to the people there to find out. Photo illustration: Kenny Wassus for The Wall Street Journal
7-Eleven, home of the 64-ounce Double Gulp and the Pina Colada Slurpee, has helped revolutionize the way we shop at convenience stores. In March 2019, the 90-year-old brand launched its first Evolution Store. Featuring fresh food options and specialty alcohol, the new store concept is aimed at a new generation of consumers. And with consumer behavior changing due to Covid-19, the convenience store industry could be on the verge of a profound change.
Expensive, massive and lethal, the aircraft carrier has been the cornerstone of American security for close to a century, but with advances in missile design, will it remain on top? Aircraft carriers are expensive. The latest carrier in the U.S. Navy, part of what’s called the Ford class, costs $12.8 billion per ship, and that’s before the cost of fixing new technology, aircraft flying off the deck and the cost of operating the carrier in the high seas for months at a time. The U.S. has more active aircraft carriers than every other country in the world combined. The U.S. Navy currently has ten Nimitz-class carriers, one Ford-class carrier and nine amphibious assault ships, which are smaller and focus on helicopters and short takeoff and vertical landing aircraft. A Nimitz-class carrier can carry a mix of F/A-18E/F Super Hornets, E-2D Hawkeye surveillance aircraft and an assortment of other support aircraft and helicopters. The carrier fighter of the future is the F-35C. But to field the new aircraft, most U.S. carriers will need to be upgraded.
As highly transmissible coronavirus variants sweep across the world, scientists are racing to understand why these new versions of the virus are spreading faster, and what this could mean for vaccine efforts. New research says the key may be the spike protein, which gives the coronavirus its unmistakable shape. Illustration: Nick Collingwood/WSJ
It’s been a tough 12 months for the airline industry, hit hard by the Covid-19 #pandemic. But there are also ongoing concerns about the environmental impact of air travel. Could electric planes be a way forward? They are already being trialled in Slovenia and fully #electric, commercial flights could be ready to take off in just 10 years’ time. Our colleagues from France 2 report, with FRANCE 24’s James Vasina.
COVID-19 has dealt a harsh blow to countless retailers, many of which were already struggling. However, RH, formerly Restoration Hardware, is doing rather well. The company’s stock price had cratered in March 2020 and struggled in early April, as forced lockdowns endangered retail. But by December 2020, shares had rebounded and risen more than 110 percent since the beginning of the year. RH is now ambitiously trying to turn it into a global luxury brand providing an array of services.