How Much Money Do I need to Retire?
Do You have Enough Money to Retire?
Most people are living hand to mouth as they say. One pay check away from disaster. Everyone will die or retire some day. I don’t know about you but I am planning on retiring first. That means when my income stops I adjust my life to live on social security, live off my rich kids or plan now to be independent and have enough money coming in not only to cover my retirement but to take care of wife should I die first.
This does not happen by magically wishing for it or dreaming it into reality. It takes detailed planning.
This may help. You can Google “Retirement Calculator,” find one you like and start to play with the numbers.
Here is one I found you can use:
http://www.banksite.com/calc/retire
Rule of thumb: The sooner you plan for retirement the better. If you wait at least give your self ten good years of earnings and investments with the help of a solid financial planner to get you ready to retire on your terms.
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