Monday, May 06, 2019

How Much Times Final Salary is Needed to Retire

16.4 times, assuming no pension, and having Social Security account for 5.3 of the amount.   So only 11.1 times is needed.  Still that is a pretty daunting number, especially if one wasn't planning for it. 

Personally, I've always targeted for 20 times, not including Social Security.  I think that gives us a comfortable buffer.

For more on Strategies and Plans Ideas, check back Mondays for a new segment.

This is not financial, saving or retirement advice advice. Please consult a professional advisor.

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