Invest in You: Ready. Set. Grow.

Retiring with $500,000: How much money you'll have in your monthly budget

How much money you'll have in your monthly budget if you retire with...

Nobody wants to run out of money in retirement.

Experts recommend taking up to 4% of your total nest egg annually in retirement as a way to make your funds last.

That percentage can drop a few points based on factors like not owning your home or having high health-care costs. So talk to a professional before making any plans. 

Check out this video to see a few different case studies of how much spending money you'll have if you retire on $500,000. 

More from Invest in You:
'Predictably Irrational' author says this is what investors should do during pandemic
Coronavirus forced this couple into a 27-day quarantine on their honeymoon cruise
How to prepare for a family member with COVID-19

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.

CHECK OUT: Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.