How Much Do I Need to Retire? 3 Numbers You Need to Know Before Retiring

The biggest fear people have about retiring is running out of money. This is usually followed by questions like Do I have enough to retire and when can I retire? The good news is there’s a way to tell exactly when you are in a position to retire. If you want to know when to retire you need to know your three numbers. Once you know these numbers, you can retire comfortably, have a peace of mind as you transition into retirement, and don’t have problems with running out of money in retirement.

In this video, James Conole will walk you through how to calculate these numbers and what should be your expenses and income sources in retirement as well as what your retirement portfolio should look like.

Timestamps:

00:00 - Intro
00:12 - Introduction
00:52 - What Are Your Expenses?
2:21 - Come Up With Your Expenses
3:06 - Replacing Your Income
5:10 - What Are Your Income Sources?
6:24 - What Is Your Portfolio or Savings Amount?
6:56 - How Much Can I Take Out And Not Run Out of Money?
8:42 - Tax Implications
9:46 - Know Your Numbers and Have Clarity

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