How much money do you need to retire? A Simple Calculation.
Some retirement planners suggest that an individual needs $1 million to be able to retire and for a married couple, $2 million. Using another retirement calculator, some say the amount needed is 10 to 12 times your current annual salary. Do you agree? How much money do you need to retire?
So, to answer the question, how much money do you need to retire, you’ll find there are many ways to figure that out. One of the methods that I prefer isn’t very hard, and only requires some simple math.