How Much Money Will You Need to Retire?
A million dollars sounds good but who honestly knows with inflation and health care expenses. It is hard to come up with a dollar amount now, since my wife and I are only in our 30’s. It would have to be enough to live comfortably on, taking 4% of the amount saved and figuring inflation, etc. Retirement is not just an age. It is a state of being retired from work. That is why everyone must be fully financially prepared for their retirement.