Once in a while I get asked by someone “what is the amount of money that I need at retirement to live on for the rest of my years?” Just, what number. If you have gone through a retirement analysis with a good advisor you probably know it’s not that simple. But I’ve tried to explain below the mechanics of coming up with this number, since it still gets asked now and then. We actually can calculate that number but with SO many variables in play that number would be good for a very short amount of time as the variables kick in. Please enjoy the explanation below:
As Vice President and Senior Wealth Advisor, Greg provides financial analysis to high net worth individuals. He is the author of several articles for various publications and nonprofit organizations on estate and financial planning subjects.