It’s a question anyone that’s serious about investing for retirement has asked themselves a thousand times: how much do I need to retire? Savers often want a direct, straightforward answer, like “You need $1,529,651 invested to retire.” Unfortunately, coming up with that number isn’t so easy. Before you try to determine your retirement number, there are a few different factors that come into play you need to understand.
Thanks! Interesting pulled out the backside number so very specific :) If I'm more than 9 years from retirement do I have to really have to have a target? Isn't max a goal that's fine? :)
For me as someone targeting early “retirement”, inflation into the future 3-4 decades after retirement is the biggest stressor in being confident in my “number”.