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Here's how much you'd need to save to retire comfortably in Denver

The average monthly Social Security payment is $1,258, about $15,000 a year.

DENVER BUSINESS JOURNAL - The average Denver household that wants to live comfortably past the age of 65 would need to save $350,899, plus full Social Security benefits.

The figure comes from a new report by SmartAsset, which looked at how much households in the 25 largest cities would need to save to retire.

The average monthly Social Security payment is $1,258, about $15,000 a year.

For Denver, SmartAsset calculated the savings based on the average household income of $61,105. The New York-based personal finance company made the calculation assuming a 2 percent inflation rate and a 27 percent dip in expenses during retirement.

Without Social Security, households in the Mile High City would have to save $1,662,299 for a comfortable post-retirement living.

Read more about this at the Denver Business Journal.

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