Teh Financial Coaching
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My Musings

When Can I Retire?

4/6/2019

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I get asked this question a lot during my coaching sessions so I thought I'll post a video about it.

In general, I don't go by the way most websites determine how much you'll need to retire, which is based on income. I determine when you are able to retire and how much you'll need based on your current average expenses. For example, if you are spending average $3K a month, which is $36K annually. Let's round that up to $40K. Then we add that yearly plus the 2% or 3% inflation rate and keep doing that till your life expectancy. Then add up the total from the time you plan to retire (ex. age 60 / 65 till maybe you are 80 or 90). See if you can get to that number from now till then. If you need help figuring out if you can retire, I can coach you through this. You don't have to do this alone.
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  • Home
  • About Me
  • Work With Me
    • Financial Coaching
    • Budgeting Workshop
    • Tax Services
    • Business Coaching
    • Get Unstuck Adhoc Session
  • ONLINE COURSES
    • Budgeting Course
    • Tax Planning 2024 Course
    • Heal Your Relationship with Money Course
    • LinkedIn Course
  • Blog / Vlog
  • My Podcast
  • Free Resources
  • Testimonials
  • Contact