DOING THE MATH FOR EARLY RETIREMENT

Gray Frame Corner
Gray Frame Corner

Saving for retirement is hard. The entire concept is fraught with uncertainty. If you do not take charge of your future, who will?

The basis of planning for about 80% of your income after retirement assumes that you plan on living the same lifestyle you did before retirement as when you are retired. On the surface, this makes sense…

But in reality, it makes little sense to expect the same expenses when you retire.

But How Much Will  I need?

Keep a fairly “standard” lifestyle design of planning to live off of 80% of your income. But because of inflation, the amount required per year to keep the same level of retirement over a 50-year span is quite high.

A Full Stop Retirement at 50?

If you are planning retirement at 50 and then living to 100 without changing consumption, that is a LOT of runways to clear. By achieving it, you might hit what you consider “financially free,” but there is a whole spectrum of financial security that you can obtain without banking $10 Million.

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