How much do I need to retire? There are many factors that go into calculating how much an individual needs to retire to maintain their current standard of living, but it all starts with a conversation and then leads to a plan.
I use a program called Money Tree Software that helps to determine your lump sum needed considering the following factors:
- Age of Retirement
- Inflation
- Rate of Return
- Taxes
After the calculation we are able to see your necessary monthly savings and make adjustments as needed.
If there is a specific topic you would like me to cover please reach out at jkolinsky@kolinskywealth.com.
Related : Tips for Successful Retirement plan
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