How Much Will You Need

All New!

We have talked about many retirement planning issues. It is time to determine how much money do you need in order to be able to retire. Many factors influence the retirement decision; however, we have assembled a table that will highlight some parameters and provide some guidance.

Assumptions:

Annual Income	$70,000
Inflation	3.5%
Earnings Rate	12.0%
Life Expectancy	90

Years in Retirement	50	40	30	20
Total amount Needed Today	$904,529	$883,107	$835,942	$732,095

The analysis assumes that at life expectancy (the last year of retirement), the balance in the savings account is 0. (You better hope you are not around.) Also, all assumptions need to materialize as expected (not likely). Finally, the analysis assumes that each withdrawal occurs at the beginning of the year (i.e. You need to eat during the first year of retirement).

The numbers and assumptions are general. We recommend you download our retirement planning software and develop your own personalized unique plan.

Important Information