How Much Do I Need To Retire?

Retirement Planning

My Annual Income

$0 $1,000,000

Expected Annual Expenses in Retirement

$0 $1,000,000

Retirement Length (years)

Expected Annual Rate of Return (%)

Social Security Income Replacement (%)

0% 100%

This scenario may help you understand how much you'll need to save for retirement based on your inputs.

Average

$993,265

80% Rule

Without Social Security: $1,229,796

With Social Security: $737,878

10x Salary Rule

Without Social Security: $1,000,000

With Social Security: $600,000

25x Expenses

Without Social Security: $750,000

With Social Security: $450,000

Pundits go on and on about how “terrible” or “wonderful” annuities are, but they never talk about if annuities are right.

In good times and bad, consistently saving a percentage of your income is a sound financial practice.

The money problems or bad lifestyle habits of adult children could lead to the squandering of any inheritance they receive.