Even a $1 million retirement nest egg isn't enough anymore

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Even a $1 million retirement nest egg isn't enough anymore
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Even a $1 million retirement nest egg isn't enough anymore, and experts say there are only 2 ways out.

, is "a toxic formula for successful retirement," he said — one that will result in a dramatic drop-off in lifestyle for retirees.

. The personal finance site compared average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care.

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