How Much Do I Need to Retire?

Posted by MMarquit under Employee Benefits
From http://www.bargaineering.com 4566 days ago
Made Hot by: bigmoneyweb on May 25, 2012 10:59 am

One of the most pressing questions many people ask is this: How much do I need to retire? Trying to decide how much you need to retire isn’t particularly easy, since it depends on how long you will live — and no one knows the answer to that question.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by elainerogers
4557 days ago

Very interesting read - just wondering where I can get $1.125 million from (€910,250).

I fear many people really do not know what they spend their disposable income on. They may know the bills, but what they spend on food, clothes, entertainment etc etc can add up on a daily basis without us really realising it.

So perhaps, by looking at the future this way will help us or force us to look at our spending and help us make better choices and better decisions about our way of life.

I have been through this many times (every year in fact) as a self employed young woman. It empowers me to know where my hard earned money is going, and my future is not so scary as I am a better position to plan for it (or not!).

If we took better control of our finances, we would have better control of our spending, risks, and ultimately our futures. Just my 2 € cents :)

- 0 +