How much money will you need to retire?

Your coaches explain some key factors to consider.

Instructional Text

How much retirement savings do you need? To a large extent, the answer depends on three key factors: where you plan to live and the cost of living there; how many years you’ll live in retirement; and, how much your health care expenses will be during your retirement years. Image Description
That’s a great point. The average life expectancy for U.S. women is roughly 80 years old, and for men around 75; but you may live a lot longer. And retirement years are when most people have their highest health care costs. Image Description
Many experts recommend that you aim for 75-85% of today’s income after you’re retired. How much money you’ll want to have for retirement depends on the lifestyle you’d like to enjoy. Image Description

How much will I need?

Key factors:
  • Your location/cost-of-living
  • Your health
  • Your lifespan
  • Your lifestyle
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    Click the Next button to learn about the six common sources of retirement money.
    Retirement is as individual as you are How much money will you need to retire? Retirement money: 6 common sources The 4% Rule Types of retirement plans