do they start drinking? alot of older people eat quick unhealthy foods . watch alot of tv .no activity .what you said is what i think is true .i retired my mind changed and as you get older pain comes on us .and medicines are taken . it comes on us faster than we know .stay busy, do not for get god for you will be seeing him shortly .purpose is true .

Yes!! My uncle and my younger sis dad..And people I worked with did too..😢😢😢😢

When I was younger, I came in behind somewhat of a pioneer in the field we worked in. Before he retired he made hundreds of copies of his work to take with hem! That was his identity! For me? If they would have payed me that much to sweep the floor I would have been happy. By the time I retired, my protege was a Masters level Engineer. People asked if I was an Engineer but I could tell them only that "no, Engineers work for me". Well, I retired when I was 62 and it was a great decision! I want my life for me! I DO NOT miss that work because for me it was just like I said, pushing a broom for that much money would have been just fine!

Great show

Retired at 65 after working part-time since Covid. My employer paid 100% of my healthcare even though PT. Now fully retired with < 1 million. Love that view BTW, now that's worth a million!

my wife and i retired in april of 2021 with just over 700k in 401k accounts we have been taking about 20k withdrawals a year and our investment accounts are up to 941k. With ss and small pension we take vacations and have nice cars but certainly dont feel rich. I enjoy your channel and your perspective

You have to get up every morning with a purpose. Keep moving. Don't accept aging. Saying I'm old will make you old. A positive attitude is crucial. And take care of yourself.

down $10k for oct, but still up 16% ytd in market

Duane, you do such a great job providing info. Thank you! I did my own analysis about 2 years ago. I went back to the earliest records were kept, I think around 1860. Result: When Democrats controlled the office of President, Speaker of the House and the majority leaders of the House and Senate, the S &P was down at year end, inflation was up and unemployment was up. When Democrats controlled the office of President, and two of the other positions, either Speaker or Majority leaders of House or Senate, the markers were up a little. When the Republicans controlled the office of President, Speaker of the House and the leadership of the House & Senate, the S & P was up a healthy amount, inflation was low and unemployment was low, too. I hope and pray history repeats itself with this administration ! 🙏😁

Well done!

Never retire. God needs full time Apostles. I will never quit my real job, His humble servant.

My father-in-law retired from truck driving after 33yrs., got a pension, moved to Georgia from Ohio. One yr. later, drove a dump truck, 5 yrs. Said he was bored out his skull. The same with my dad, said he got bored .

I think, to go along with the others who mention uncertainty...I don't have strong evidence, but (without taking sides politically, just a thought...) I think the market was at least partially responding to the fact that the election was decisive, and there would be no big turmoil in terms of challenges to the results and any potentially ugly happenings. THANK YOU for not getting political here -- some of my favorite channels have done the opposite, and it just turns me off.

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

use it or lose it.

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

I retired at 54 , worked at a utility company for 30 years ! I am 58 today , stress free, changed my diet, derailed fake friends ‼️ ALL I do is minister and keep home up , and we travel to see new things 🙏 . Retiring from a toxic , bias , currpt company was my best decision in my whole life 🙏👍

I would like to ride a motorcycle through the desert🏍

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

Great video. I don't have as much saved yet as I'd like to at 53, but my house is paid off, and my monthly expenses including travel for work, hotel a couple of days a week, taxes and insurance, groceries etc. run right at $2k per month. I'm saving aggressively, and hope that I'll have enough to retire by 62, 65, etc. We'll see how it all pans out. To me, it's like you said - expenses are what matters. If your outlay is minimal, life is a lot easier.

I think I’ll need at least $2.5M, but I am married, I’ll still have a mortgage so $3k a month in PITI, plus I’ll retire before I’m 65 so medical insurance, oh, and no pension.

I just retired at 62 and a half in moved to a new city yes it was a big decision I didn't have a big executive job I was a caretaker in schools for 27 and a half years so now I folded the mop and I'm in a risky new chapter in my life now I'm actively jogging and walking learning the city so day by day now.

Chris Rock defined "rich" and "wealthy" perfectly. Check it out!

NHS, UK.

80% of retired people have 0 saved start with the real numbers

I think most people need more than they think. Many retirees travel more, want experiences they didn’t get to do (bucket lists)….

Hi Duane, I do not believe you need millions to retire. It’s all about managing your spend and not exceeding income. I would hate to retire with debt of any kind but I’m weird that way. I have enjoyed every one of your videos since I pulled the trigger to subscribe. You are well read and prepared on each one, maybe Sadie helps you, Lol.

I retired at 41, and I'm now 60. Gotta keep it moving and stop eating so much... The food is bad.

Seems to me that YOU are proving one day at a time that people CAN retire on 500k. Just sayin….you are doing it,we can all do it. It_can_be_done!🫡👍

I find yahoo finance articles to have lots of words but don't usually say much. If I can I steer away from those.

Some of these “experts” are taking an average. Everyone has a different situation. My number is going to be different than many others. Married, debt free, paid off home, conservative spender, aggressive investor, retired well before 65. I think you make $500K VERY realistic depending on lifestyle. My definition (just mine)… rich is showy, wealth is more stealth.

This video raises some interesting points about retirement savings. I’ve heard that having $500k can be a decent starting amount, but I'm curious how many actually live comfortably off that.

you don't use is , you will lose is?

The average check most received from my industry is 5. If they even make it to retirement.Been 10 year for me, beat the odds and still going strong. AMEN..

How can you be lonely when married? Simple, loneliness is internal, like fear, anxiety, stress & should be addressed from within. Some have many friends and still feel a sense of loneliness. I live alone, never married and I don’t feel lonely at all. Loneliness is a state of mind.

Hey Duane, after watching your vids for over a year, and 36 yrs with one company, I finally pulled the pin. Two weeks today, I will be retired at 57. Thanks for giving so many of us the confidence to do so.

I plan on retiring on $100K invested for Dividends. Im only 28, But my body is falling apart and working is getting worse by the day. Im willing to live off the bare minimum than work myself into a wheelchair or an early grave.

Hi Duane, what age are they considering retirement age?

I’m plan on retiring in 3 years at age 66 with estimated 350k. Getting 2800 monthly from SS, hoping this will last me 25 years 😮

Get a Dog it's helps alot

I retired at 64 and a half. My goal was 65 but I didn’t want to hang in there another 6 months. I couldn’t take the mental stress of my job and the office politics. I worked full-time for a little over 40 years & I had built up a great pension from my last job. I’ve been retired for a year and a half now and I love it! I don’t regret for a minute retiring when I did!

74 here. Retired 9 years ago.. enjoying every day.. What's the problem?

The majority of Americans don't have a pot to piss in, let alone a retirement fund. Of my core group of friends, talking 8 people, 5 (including me) even have a retirement fund. And those are millionaires/multi-millionaires. The other 3 have either nothing or less than $100k. And those 3 aren't stupid. One is a Lawyer, Software Engineer and Bank VP. 🤷

Assuming social security and medicare is not gutted. Given the recent political turmoil i dont have any faith that it will be around in its current form.

Single, never married, no children and nearing retirement. It’s scary doing everything alone but Im looking to doing anything I want in retirement.

Pensions for some backed up by the full power of the government police state and not one red Cent In pension payment for others. The 401K is for organizations with no military and police force attached to it. Therefore there is a correlation between power and monthly money for no current work being done.

I challenged myself to live on 25K this year and save and invest the rest- If I can live on less than 30K now ...I can most definitely retire and live on 500K...

why ask viewers in the beginning of your video if you haven’t even proven what value you can provide them? You should wait until the end to ask your viewers to subscribe.

Cash flow is key, IMO. I am blessed with a pension and am holding out for SS. I am almost making it on a pension alone. When and if, we have social security I plan to have more than enough, not including an IRA that has no guarantees. I am also married, so my 67 year old wife puts us in the 9% you speak of. Compared to former coworkers we are poor, but having a pension is one of the 40 reasons I retired early.

I retired with $2M last year at 57, and all my friends were telling me that I'm crazy it's not enough to retire. After one year my investments have grown by $100K excluding all expenses. I travelled 6 mos overseas and only spent $70K in total even though my budget was $90K. It can be done, you've just be frugal and use common sense.