[Brenda]

I’m afraid this question has been asked here before!

[Chas]

They say to estimate 25x what your annual spending is.

[Bob]

How much do YOU need? There’s no calculator for that. Only you know how you plan to spend your retirement. Are you going to live in a hut and eat beans and rice … or do you plan to live lavishly and travel the world?

[Sean]

Start by taking what you spend and multiply by 25 that gives you a starting point.

But remember that doesn’t account for inflation.

Useful: What’s your favorite (and ideally, most accurate) safe withdrawal rate calculator?

[John]

Simple spreadsheet with every penny you spend. Take the average of several years.

[Masri]

Minimum has ability to provide passive income that match your current income to maintain same lifestyle if you want holidays and fancy restaurant, you need double or triple that.

[David]

25x what you want your annual income to be. So if you want $100k/year income you need $2.5M.

Just remember to factor in inflation tho.

[Author]

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