How much money do I need to retire?
The short answer
There is no single magic number. The right amount depends on what you plan to spend, when you retire, how long you live, your taxes, and the guaranteed income you already have, like Social Security or a pension. Rules of thumb are a starting point at best. The number isn't the plan. The plan is the plan.
Hear Mike discuss it
Reviewed by the 1.oak Financial team · Educational information, not individualized advice. Investment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor.
