Setting A Retirement Number
5 September 2006There’s a good post over on Free Money Finance about setting your magic retirement number. He goes through the process he used to decide on his, which involved averaging five different methods. I’m of the view that you really need more a rough guess than a set, specific number, but it’s good to go through the calculations because you need to have an idea of what they recommend to get even a vague idea of how much you’ll need. If having a number helps you as a goal, then more power to you - some people work better that way, deciding that they need to save X amount per year and sticking to a rigid budget.
Discuss this on the Free the Drones Retirement Forums.
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