Comments on: How Much Do I Need To Retire? http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/ Promotional Codes, Coupons & Deals + Money Saving Insights Fri, 25 May 2012 18:18:27 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Pegasus http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-70462 Pegasus Tue, 10 Jan 2012 16:48:29 +0000 http://frugaldad.com/?p=4113#comment-70462 I'm missing something here. I don't see how to factor Social Security into the equation. I’m missing something here. I don’t see how to factor Social Security into the equation.

]]> By: How You Know It Is Time to Retire http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-62438 How You Know It Is Time to Retire Wed, 23 Nov 2011 01:28:06 +0000 http://frugaldad.com/?p=4113#comment-62438 [...] each day and who you spend your time with. 11. And everything else I haven't thought of right now!!!I've had to put off my retirement a few years beyond when I thought I could initially retire, and so...in a job I'd rather no longer be in. Don't get me wrong, some days I really enjoy the work I do, but [...] [...] each day and who you spend your time with. 11. And everything else I haven't thought of right now!!!I've had to put off my retirement a few years beyond when I thought I could initially retire, and so…in a job I'd rather no longer be in. Don't get me wrong, some days I really enjoy the work I do, but [...]

]]> By: Zennie http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-46604 Zennie Sun, 17 Oct 2010 02:51:52 +0000 http://frugaldad.com/?p=4113#comment-46604 Something's missing from the calculations in some of these comments. The Rule of 25 suggests that if you estimate how much you'll need to withdraw from savings during your first year (annual expenses) of retirement and multiply that amount by 25 to determine your savings target. For example, if you need $2500 a month to live on, multiply that by 12 months. Take THAT amount (30,000) and multiply times 25 ($750,000), and that is your target savings amount. (For additional years of income, multiply by whatever number of years you will likely live after your retirement age...and you will never go hungry.) Something’s missing from the calculations in some of these comments. The Rule of 25 suggests that if you estimate how much you’ll need to withdraw from savings during your first year (annual expenses) of retirement and multiply that amount by 25 to determine your savings target. For example, if you need $2500 a month to live on, multiply that by 12 months. Take THAT amount (30,000) and multiply times 25 ($750,000), and that is your target savings amount. (For additional years of income, multiply by whatever number of years you will likely live after your retirement age…and you will never go hungry.)

]]> By: Ravi:business opportunity http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-43189 Ravi:business opportunity Fri, 09 Jul 2010 15:19:30 +0000 http://frugaldad.com/?p=4113#comment-43189 Thanks for your very informative articles for retirees. In my point of view you should save maximum for your retirement. The maximum you can but don't cut the necessities of today's life. Anyway, you have given lots of suggestion for retirment planning for elderly. Tha Thanks for your very informative articles for retirees. In my point of view you should save maximum for your retirement. The maximum you can but don’t cut the necessities of today’s life. Anyway, you have given lots of suggestion for retirment planning for elderly.
Tha

]]> By: Liz http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-39066 Liz Tue, 16 Mar 2010 20:11:32 +0000 http://frugaldad.com/?p=4113#comment-39066 The retirement the article recommend doesn't work. I changed the current saving to zero, the result still showing as I don't need any more saving for retirement. The retirement the article recommend doesn’t work. I changed the current saving to zero, the result still showing as I don’t need any more saving for retirement.

]]> By: –› Holiday Challenge, Retirement, and Saving http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-34716 –› Holiday Challenge, Retirement, and Saving Thu, 03 Dec 2009 14:22:24 +0000 http://frugaldad.com/?p=4113#comment-34716 [...] How Much Do I Need To Retire? [...] [...] How Much Do I Need To Retire? [...]

]]> By: Lawrence @ CRB http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-34218 Lawrence @ CRB Fri, 27 Nov 2009 15:57:51 +0000 http://frugaldad.com/?p=4113#comment-34218 This is a great topic for people to learn about early in life. The problem is that most people don't take retirement seriously until it's too late. This is a great topic for people to learn about early in life. The problem is that most people don’t take retirement seriously until it’s too late.

]]> By: Hot Deals http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-34212 Hot Deals Fri, 27 Nov 2009 08:00:26 +0000 http://frugaldad.com/?p=4113#comment-34212 if my expenses were $3000 per month, I would need only $75,000 total to retire. Hmm, I think that would be committing financial seppuku. How would 75K generate 3k of income per month? if my expenses were $3000 per month, I would need only $75,000 total to retire. Hmm, I think that would be committing financial seppuku. How would 75K generate 3k of income per month?

]]> By: Todd R. Tresidder http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-34129 Todd R. Tresidder Wed, 25 Nov 2009 03:40:26 +0000 http://frugaldad.com/?p=4113#comment-34129 @midwest bird - Thanks for trying my retirement calculator. It is designed for quick and easy creative scenario analysis. The idea is to be able to vary one or more inputs while leaving everything else fixed to see how it affects the results. My experience is the key in retirement planning is not tweaking the details but in varying the critical assumptions. After reading this article you will likely notice what a huge impact the various assumptions have on the end result. It can be a very productive approach to solving people's retirement planning problems. @midwest bird – Thanks for trying my retirement calculator.

It is designed for quick and easy creative scenario analysis. The idea is to be able to vary one or more inputs while leaving everything else fixed to see how it affects the results. My experience is the key in retirement planning is not tweaking the details but in varying the critical assumptions.

After reading this article you will likely notice what a huge impact the various assumptions have on the end result.

It can be a very productive approach to solving people’s retirement planning problems.

]]> By: cathleen http://frugaldad.com/2009/11/24/how-much-do-i-need-to-retire/#comment-34128 cathleen Wed, 25 Nov 2009 03:01:35 +0000 http://frugaldad.com/?p=4113#comment-34128 I'm counting on inheritance. No kidding :) I’m counting on inheritance. No kidding :)

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