{ "media_type": "text", "post_content": "I know this is a loaded question and “depends on the standard of living you want to enjoy” but how much is enough to retire? Like I’m looking for an actual number. 5M? 10M? What’s your number and why?", "post_id": "61e0ecde11e343002aae9f8a", "reply_count": 5, "vote_count": 3, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

I know this is a loaded question and “depends on the standard of living you want to enjoy” but how much is enough to retire? Like I’m looking for an actual number. 5M? 10M? What’s your number and why?

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Really depends on several factors, your standard of living in retirement, your cost of living in retirement, your health, and how long you expect to be in retirement. IMO, the number can vary widely, and I have been using a spreadsheet for the last several year to track my income, expenses, and investments. My number is trending to between 4-5M USD, but as I said, it can be higher or lower for others.

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Another thing you may want to consider when making your calculations is average life expectancy. Since women tend to live longer than men, many financial advisors suggest that women should be saving a bit more for retirement (in addition to the gender pay gap).

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9M. I like it.

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It depends on your standard of living in retirement as you said

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