How much money do you need to retire?
Simple question.
I'm wondering how much money you think you will need to survive (well) when you retire? How much income?
Let's talk in todays dollar to, not the inflation one.
While I do plan to have a rental property or two before I retire for the sake of this arguement I want to assume you have ZERO income besides your savings and investments. You should however assume you have no mortgage payments or car payments.
So, how much do you need?
I am thinking in order to maintain a healthy outgoing level of life, I would want $30,000k income.
Thoughts? I realize it's kind of a vague question and depends on many factors, but I wanted to see what you would think.
I'm wondering how much money you think you will need to survive (well) when you retire? How much income?
Let's talk in todays dollar to, not the inflation one.
While I do plan to have a rental property or two before I retire for the sake of this arguement I want to assume you have ZERO income besides your savings and investments. You should however assume you have no mortgage payments or car payments.
So, how much do you need?
I am thinking in order to maintain a healthy outgoing level of life, I would want $30,000k income.
Thoughts? I realize it's kind of a vague question and depends on many factors, but I wanted to see what you would think.
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