How Much Money Do You Need to Retire in 2023?

Описание: How Much Money Do You Need to Retire in 2023?

A simple retirement formula that you can use to find the minimum amount of portfolio assets you would require is: Required Portfolio Income multiplied by estimated length of life. Find required portfolio income by subtracting your guaranteed income from your estimated spending in retirement.

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Eric Amzalag, CFP®, RICP®

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Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice.


00:00 Introduction
01:00 Your Retirement Number
02:10 Using Detailed Budgeting Systems
04:23 Identifying Your Required Portfolio Income
05:37 Estimate How Long You Will Live In Retirement
06:06 Retirement Planning Example: Individual
07:20 Retirement Planning Example: Couple
08:25 Adding an Inflation Rate
09:50 Why Required Portfolio Income is Useful to Know

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