How Much Do You Need in Retirement?

Take the annual income you want retirement and divide it by 4%. That tells you how much you need in retirement account. This formula is an evergreen formula because it's not assuming that you're going to deplete the account. And honestly, this formula works for any age. It doesn't have to be a 4% formula. We can change some numbers here. But if you understand the concept here of how much do I want in retirement,. And you just got to divide it here. Now, what if I do 3%, 6% or 8%. Okay. You're still at a million. So hang on with me.

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