Here’s how much you need to save every month to earn $30,000 ...

How to earn $30,000 in interest only every year in retirement

While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later.

Retirement usually entails replacing your former annual salary with other income sources to keep up with your lifestyle. While Social Security may cover part of your budget, the rest of your money will most likely need to come from your savings and investments.

CNBC crunched the numbers, and we can tell you how much you need to save now to get $30,000 every year in retirement — without taking a bite out of your principal. Learn more

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Here’s how much you need to save every month to earn $30,000 …