How Much Money Will You Really Need In Retirement?

How Much Income Will You Really

Need in Retirement?

Erik Carter Erik Carter, Contributor
RetirementRetirement (Photo credit: Tax Credits)

When we meet with individual employees, one of the most common retirement questions we get is how much income they will need in retirement. Unfortunately, it’s one question we can’t answer for them.  For example, I may run a retirement calculation that projects your retirement income at $65k in today’s dollars at age 62. What I can’t tell you is whether that’s enough or whether you should save more or retire later. Financial planners typically say you need about 80% of your income before you retire but actual needs can vary considerably. Here are some questions to help you figure that out.

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One thought on “How Much Money Will You Really Need In Retirement?

  1. […] average retirement. How long do you think that will last you?Related articlesIRA Basics (ally.com)How Much Money Will You Really Need In Retirement? (middleburgreverselady.wordpress.com)What Every Woman Needs to Know About Retirement Savings […]

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