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The Big Question #4: What’s My Number?

What's my number? There is no universal figure for how much you need to retire. This episode explains that your retirement number is driven by your planned spending, income sources, and goals, and is best determined through a personalized financial plan rather than a generic rule of thumb.

Cullen MartinSeptember 27, 2023The Big Question #4

What's my number? There is no universal figure for how much you need to retire. This episode explains that your retirement number is driven by your planned spending, income sources, and goals, and is best determined through a personalized financial plan rather than a generic rule of thumb.

Key takeaways

Your retirement number depends on your spending needs and goals, not a single benchmark.
Income sources like Social Security and pensions reduce the amount your savings must provide.
A personalized financial plan is the most reliable way to find your number.
The right target is the amount that reliably funds your desired retirement lifestyle.

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