Best Financial Advisors in Ocala, FL

How Much Do I Need to Retire Comfortably? It weighs on our minds from time to time throughout our working years: Do I have enough in my retirement accounts? Is it growing fast enough? How do I know when I have enough? If you want to get a ballpark number, you can use the 4% rule. For this rule, if you want an annual retirement salary of $80,000 a year, you would need a retirement account with $2 million ($80,000 / 0.04). No matter the number, life will always throw curveballs when it comes to retirement. As much as we try, we cannot always plan our retirement out exactly to the letter. And the idea of “comfortable” will vary from person to person. It could mean travel, living someplace warmer (with a higher cost of living), or it could just mean spending more time with friends and family. No matter what you want retirement to look like, let’s take a look at some factors that will affect what you need, and how you need to get there.