Chase
Active member
How much money do you think you would need to be able to retire? It's a question that a lot of people have asked their financial advisers and it's one that seems to have a different answer for just about every time it's asked.
And the reason for that is simple the amount of money that you need to be able to retire depends entirely on how much money you think you can earn in retirement through interest and dividends and maybe even a part-time job if that's your thing, and perhaps even more importantly how much money you're actually going to need to survive in retirement. And that number seems to change each and every time you ask as well because projections of things like medical expenses change as time goes on.
And the reason for that is simple the amount of money that you need to be able to retire depends entirely on how much money you think you can earn in retirement through interest and dividends and maybe even a part-time job if that's your thing, and perhaps even more importantly how much money you're actually going to need to survive in retirement. And that number seems to change each and every time you ask as well because projections of things like medical expenses change as time goes on.