• How Much Do I Need To Retire? #218

  • Sep 10 2024
  • Length: 12 mins
  • Podcast

How Much Do I Need To Retire? #218

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  • Summary

  • How much money do you need to save for retirement? $500,000? $2 million? The answer will never be the same. It’s specific to you. So how do you figure it out? In this episode of Retire with Ryan, I’ll share five steps you can follow to determine how much you need to retire.

    You will want to hear this episode if you are interested in...
    • [1:25] Step #1: Calculate your budget for retirement
    • [4:11] Step #2: Calculate what you’ll receive from Social Security
    • [5:10] Step #3: Are you eligible for a pension?
    • [5:40] Step #4: Will you have any other income sources?
    • [6:27] Step #5: Look at your investments to see what you can withdraw
    • [9:28] Go through this exercise to determine exactly what you need
    Resources Mentioned
    • Retirement Readiness Review
    • Subscribe to the Retire with Ryan YouTube Channel
    • Get a FREE budget template on my website
    • Check out all of my episodes on Medicare
    Connect With Morrissey Wealth Management

    www.MorrisseyWealthManagement.com/contact

    Subscribe to Retire With Ryan
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