How Much Do I Need to Retire?

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If you asked 100 people, “How much do I need to retire,” you’d probably get a range from 5 million to 100 million or more

The reality is, many of these same people hope they can retire at 62 with 300k! Most people don't know how much they need to retire.

The first step is to figure out how much annual income you want during your retirement years

Determine Your Desired Retirement Income

Take your desired retirement income and divide it by 4% (0.04) to get your goal number.

The 4% Rule

As an example, if you wanted $50,000 per year in retirement, you need to accumulate $1.25 million

$50,000 Desired Income = $1.25 million

Your spending habits, saving habits, and age are all important factors to consider when determining a retirement number

Other Factors to Consider

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