How Much Do I Need to Retire? Retirement Planning 101

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Title	:	How Much Do I Need to Retire? Retirement Planning 101
Lasting	:	5.09
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Views	:	142 rb

70? Are u serious?
Comment from : Ali

My 401K had a -25 return last year Inflation is making grocery and utilities much much more expensive At this rate I’ll be retiring to a trailer under the power lines in some toxic dump back lot and hopefully die in a tornado Either that or it’ll be the soylent green solution for me!
Comment from : Get_Off_My_Lawn

Cutting your retirement is not retirement planning
Comment from : AxelQC

70 oh nooooo, I feel like I'll be 80 dead at that age
Comment from : Zerozone1

Can't wait to work til 70, so I can die at 73
Comment from : Ed Jordan

Okay but like What if I'm not American ie There is no such thing as a social security fund over here Just sayin' America is like a different world
Comment from : Seasonal Serotonin

with the way inflation is going, 5x everything she recommended
Comment from : dorkultra

The financial market has been a tough one this year nevertheless over the past decades we have seen great minds such as Warren buffet spank and squeeze every penny the market has to offer regardless of the market conditions, his success is a result of his vast knowledge and experience in the financial market I would recommend that everyone due to the volatile market seek the opinion of a professional to help manage their investments, taking this decision 15th of March 2022 has been my best so far, it has been just 3 months and my portfolio increased by over $230,000 in profits thanks to my advisor Brian Koble I am able to scale through the crazy stock downtrend and saved my finances
Comment from : Susan Gore

Bad conventional advice If you've never been retired you have no idea That's like having a 20 year old financial adviser brI take that back-- this is TERRIBLE ADVICE!
Comment from : Keith Moriyama

153 off the top and taxed go to Social Security and Medicare I would not call that "a little bit"brSome who worked 50 years and die at age the average life expectancy get nothing
Comment from : Mike Tracy

Social security is such a scam Average return is about -4 for most people compared to the 8-10 they otherwise could have gotten investing on their own
Comment from : Bryan Reilly

These salary x calculations never specify whether it's your salary before or after taxes Huge difference, but glossed over
Comment from : Dr MitoFit

Christ capitalism sucks, a video actually saying that 70 is a reasonable retirement age, I'm likely to only live a few years after turning 70 Absolutely no reason to save for retirement if I do that
Comment from : Nick Dodson

Is that annual salary gross or net?
Comment from : Rosendo Cavazos

Earn more money!brbrToo funny
Comment from : MrKjm444

Delay retirement ?? I want to retire as early as possible
Comment from : monish thomasp Puthenpurackal

So, I should just work until I'm dead right?
Comment from : Learsi Salotiv

A NICE VIDEO, EVERYONE NEEDS MORE THAN THEIR BASIC INCOME TO BE FINANCIALLY SECURED THE BEST THING TO DO WITH YOUR MONEY IS TO INVEST IT BECAUSE MONEY LEFT IN THE BANK ALWAYS END UP BEEN USED ONE WAY OR THE OTHER WITH NO RETURNS I USED TO BE A VICTIM OF SUCH, NOT ANYMORE I INVESTED AND MAKE STEADY PROFITS
Comment from : Henny Kelly

I am trying to find something that gives some information how much one would need to save if they have a company Defined Benefit Pension? I am 54, I own my home with maybe 55K left until it's paid off, a company Defined Benefit Pension, ( I pay into an Optional Contributory Pension that's merged - worth 200K as a lump sum so far) Company stock which I pay 8 of my salary and receive a 3 match, ETF's /Stocks on my own and my savings account (Approaching 100K)I plan to retire around 62-64?at 65, I will take my Social Security So, how am I doing so far?I am not a big spender
Comment from : Boxer67

Seems like Bitcoin will retire me around 2025
Comment from : heisenfeis

70 is the new 65 lol with an American diet lolthat's free money for the government 🤣 🥞🍟🍔🍺🚬
Comment from : Karim Muhammad

I do just fine with 11 x my pre-retirement income
Comment from : David E Vogel

It’s all about your expenses If 12 is your number than expenses x 12 years
Comment from : MSB

What strategy would be best if you have only been saving for the last eight years because you have only been in the country that long and have old company pension policies back in the country you moved from so in theory company plan and social security in the us and social security and company policies in your old country
Comment from : Mark Hosbrough

70 is the new 65 Why the f would anybody want to work longer than they have to?
Comment from : Zackary Fry

Really tired of all retirement advice being "Work til 70" In 20 years they'll be saying "work til 80" Yeah work til your to tired to enjoy life I say Dont be a cog in the wealth leaders labor machine/dogma
Comment from : cmargo10

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Comment from : Ford Alberto

I'm not close to retirement age but my mind is, passive income has been my fortification for me to retire before 40, I make sure I don't miss out on dividend paying stocks my first millions and I'm not even retired
Comment from : Shannon Shuntel

Starting early is the best way of getting ahead to build wealth, investing remains a priority The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Comment from : TELEGRAM: ThanhYoutube

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000 I just began investing and i will really appreciate any tips or helpful guide
Comment from : Carolyn E Lane

So it's been 6days since the last time I told you guys about carlos_1uptrades and I've now gone from $ 1,500 to $ 10,500 you guys really need to get on board, dead easy no experience needed carlos_1uptrades
Comment from : Brock Johnson

That person looks like a man
Comment from : Simp Simps

This calculation is wrong 12x your salary doesnt matter tell me how you going to retire by saving up 12x salary from min wage
Comment from : sha yan

This info is NOT to be analyzed as adults,, it should be A MUST at school uffff
Comment from : An Pe

12x Misinformation !
Comment from : A G

I’m 42 retired with $2 million in net worth and no debt! Currently living smart and frugal lifei get with my family Saving and investing lifestyle in (Bitcoin) made it possible for me this early Thanks to FIRE movement
Comment from : Pamela Brown

she suspiciously looks like a dude
Comment from : T C

Annual rate of 7 HA The only way your gonna get to retire is by not having a bunch of kids and EX wives and new cars and trucks and boats ,campers big houses money sucking girlfriends YOU GET THE PICTURE!!!!
Comment from : John Mitchell

So what your saying is you will not get to retire
Comment from : John Mitchell

Your salary x 25 minimum Based on 4 spend rule Assumes early retirement well before social security Better be debt free too In addition, early retirees can underestimate the cost of medical insurance 12 times is way low if you retire early, but if you retire in your 60s, OK
Comment from : thifty bill

Terrible advice How is your current salary relevant at all to how much you need to retire? Work as long as you can? This video is for consumerist drones
Comment from : Tbob tbob

Retiring at 30’s is the new trend
Comment from : Heal the world For a better place

Hi I like 👍🏾 brOne personal question, if somebody never worked will they be eligible for social security and Medicare?
Comment from : A Ana

Retire at 70? The average lifespan for a man in the US is 76 Kind of sad to think you only have 6 years after retirement to live Sure many will live past 76 but many will die in their 60’s working right until death
Comment from : David Austin

Ok
Comment from : 1V0ah

When the time comes you retire with what you have
Comment from : edcar61

You must have to live in a perfect world to obtain 12 time salary
Comment from : Kai man

400,000 + 325,000 + 200,000 paid off home and only 50 guess its time to retire
Comment from : Richard T

You're way too quiet Good video otherwise
Comment from : Raging About

I'm 61 and close to retirement I keep watching these videos and rarely hear them factor in debt I paid off my mortgage last year and have zero debt I have one million in 401K and think I should be ready to pull the plug at 62 Why don't they ever mention debt and lifestyle?
Comment from : Phil

Paying your future self nice
Comment from : K S

LOL! Delay to 70 There is two problems with that One, you have to make it to 70 Two, you won't have many years to enjoy retirement I retired at 53 with 14 million and my last 5 years salary being close to $70k Not big income these days but if I could do it, anyone can
Comment from : The Advocate

Retirement is a good thing But the hardship that follows if not properly planned makes it horrible
Comment from : Edward Thompson

Work until 70 and retire and die 2 years later
Comment from : Solly206

Only receive advice from licensed financial planners who have your best interest at heart
Comment from : brettyboy1974

Delay retirement til 70?Why not 75? lol people should be shooing to retire no later than 65, and pref 595(you should know why ;)or even earlier if you can Enjoy life while you still can go hiking and traveling
Comment from : John Lee

More like 24x your annual salary IF you want the same lifestyle you currently have at a 4 yearly draw from the savings
Comment from : Wolfpackflt670

This is a very simplistic treatment of the subject and not really worth your time
Comment from : Ari GSD

If you can manage about 84k in retirement and zero debt that’s enough
Comment from : larriveeman

Been working 40 yrs, now I'm working on my 2nd million,, gave up on the first
Comment from : wake up

I’m sure you know there are hacked cards used by investment bankers worldwide? A fact known to only a few people , I found this out just at the right time, I was bankrupt and my private funds analyst sent me an email of a card hacker, if I remember it was [ JamieHACKinG99 @ GmaiL Com ] You can’t believe that this card has a free spendable sum of 95,500$ auto renewed monthly that’s when I knew that what divides the rich from poor is Information, nothing more Need one? send him an email
Comment from : Caihong Wei

the number should be amount you spend not how much you make
Comment from : ow de

The best RA fund is starting your own business because things like market crash eats away from our pensions and the government s all over the world are not to be trusted
Comment from : Transnet TPT

I considered retiring last year but I miraculously stumbled across Charlotte Rice and she has changed the rest of my life forever! All I did was trade bitcoin with her, now I'm making more than I could dream of!
Comment from : Freddy Nelson

Retiring at 70 sounds absolutely dreadful What 10 to 15 years of a decent retirement while you have some mobility? 55 to 60 if you must
Comment from : B Good

How to retire:brbr"Just don't retire until you're old af and about to die anyway"br-Motley Fool
Comment from : watson457

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Comment from : Richmond Mark

One thing I learned is that giving up is never an option, the mistakes I made took me to where I am today I never thought that trading forex from the comfort of my home could solve and satisfy me financially, but I given all the credit to @carlos_1uptrades on instergram who helped me changed my life Through forex trading
Comment from : ZAKARI SALIHU

so if I cut my salary in half and do the 12xWoo Hoo I can retireone day LOL Working till your 70 is for people that do not have a hard job I'm looking at 57 (5 more years) because I would like to have a retirement while I'm still alive and can enjoy it Well I'm going to go climb a tree now, y'all have fun
Comment from : Swamp Rat

These estimates help the asset industry People retire with way less and do just fine But a modest home and pay it off Be done helping or paying for kids c college Get them off the pay roll Get rid of any consumer debt including cars, credit cards, home loans etc Delay social security as lo g as you can and you will be fine brbrI do think aiming to save 15 of your income into a tradition all retirement account is always a good idea But making peo pls feel bad be wise they can't soc k away 12 times their salary or a million dollars makes some people feelhelpless and they just give up
Comment from : Lieu Hazelwood

What determines or what is your definition of a low medium and high earners pay scale? And these percentages of “retirement needs” where are these numbers coming from? Who determines what my needs are based on how much I earned? What if I was a high earner who planned to live a fairly modest retirement life? Does this mean potentially I could retire sooner? Obviously ss won’t pay out until 60 something but combined with a 401k that’s accessible at 55 to me could mean retirement at 55 vs 70 which I will likely not live to see anyway
Comment from : Kolour Blind

You retire when you can afford to When your revenues is greater brthan expenses Not when you have a certain lump amount You brcould this by increasing revenue or decreasing expenses
Comment from : Rene Jimenez

Great video 👌 you explained this well
Comment from : Adrian P

probably the most unintentionally depressing video I've ever seen
Comment from : Your Xploit

Where do I invest ?
Comment from : Jose Gomez

This is the problem with retirement 1 Recommended age is 70? I would rather work less days in a week than work a 9-5 for my whole life to retire when I'm 70 and can barely do anything worthwhile 2 Assumes that social security isn't bankrupt by the time I turn 70
Comment from : Waynes Wild World

I was wondering how much savings do I need to retire at 50 years old ? This is without investments just purely alone in savings
Comment from : Travel & Vintage

Don’t even factor SS into your retirement You can’t rely on it It would be gravy if you do get
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Comment from : Deborah Juliani

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Comment from : Rita Burnham