77: Stop telling people that they need $1M to retire successfully

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In this episode, you will learn about:

  • How to calculate how much you need for retirement

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If you live here in America, you must have heard some financial experts telling you that you need to save $1M in your retirement account to retire rich.

The amount you need to retire depends on several factors:

  1. Where you live
  2. If you have debt at retirement (Mortgage vs. no mortgage)
  3. Your health conditions
  4. Your lifestyle (Travel vs. not)
  5. The age you want to retire (62 vs. 70)
  6. Kids in college

Click to download the show note here.

 

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