How Much Can I Expect To Spend In Retirement? ($250k, $500k, $1M, $2M Portfolio Examples)

[@humphrey]

Thanks for always watching and supporting ❤ Please be aware of scammers in the comments. I keep removing them but they will have conversations with themselves and then recommend a person you talk to. Please know that is completely FAKE and DO not fall for it.

[@ryandefranco7740]

You're welcome! And thank you!

[@mart1n10601]

you're the GOAT Mr. Hump! W content

[@benjyp1223]

@@humphrey Great video! I'd love to see you use more of the samples/mini case studies! They are so helpful with the application of what youre talking about.

[@mathieusavard]

They're so many bots on your videos

[@punisher6659]

Thanks for your content.

[@jameschaves5723]

Outstanding video Humphrey. I’m 54 sitting on $2.3 million. Granted it’s in 401K and Roth IRA. Only debt is $130K mortgage @ 2.125% so no rush to pay that off!! I’m what you call “qualified rich”. I decided to cut my hours down to 24/wk. Feels good to pay my bills and golf when I want. Work is just about maintaining health insurance and relationships now.

[@erichcas1778]

I have the same rate of 2.125% lol easy to remeber

[@avengemybreath3084]

Smart! I had to resign because woke leftist ideology captured my firm and I have a personal aversion to that. I miss interacting with people, having a purpose, and yes health and dental benefits!

[@raymond-i2v]

Lately I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.

[@davidjohn-u4v]

Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.

[@RayaMarcus]

Exactly my solution too, even though I'm not retired. As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach.

[@Derawhitney]

I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.

[@RayaMarcus]

Stacy Lynn Staples is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@BridgetMiller-]

Please educate me, I’ve come across this name before, Now i'm interested.

[@MarkDan7065]

OMG !! This transformation is absolutely amazing! I'm new blogging in Crypto and I've been making losses, Can you please guide me on how to do this, am very tired of making lost

[@ElpidioFausto]

Why are you trading on yourself do you like making losses. is quite risky for beginners without basic knowledge...for newbies to trade on her/his yourself

[@patriciascottly6373]

All you need now is a professional trader else you will continue making losses °°

[@Annaga-k7y]

As a beginner who don't understand how Bitcoin trade do and you really want to generate portfolio , Ill advise you to seek for pro guidance to work with

[@antonbarros1774]

Exactly that's is true, beginners need an expect broker and professional trader to handle their trading and generate good profits

[@zlarjandra7983]

​@@patriciascottly6373Thanks for your advice, but How can someone know a professional account manager that is trustworthy when legit once are hard to find this days.

[@Ericmanzur]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@Ericmanzur]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@SoffyKamiche]

Wow that's huge, how do you make that much monthly?

[@DanielKay-ey6uh]

I earn from investing in the digital market with the guidance of (Ms. Evelyn Vera) Brokerage services. I'm happy to talk about it!!!

[@Hendrown]

I earn from investing in the digital market with the guidance of (Ms. Evelyn Vera) Brokerage services. I'm happy to talk about it!!!

[@Jamiehonaker]

I started pretty low, though, $5000 thereabouts. The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Evelyn Vera, you're a miracle.

[@hermburgler]

That was so wild you absolutely catching me at SFO WHILST watching this video! Was amazing meeting you Humphrey!

[@humphrey]

Lets go!! First time thats happened to me :)

[@humphrey]

Thanks for watching Hermburgler lol :D

[@k87upkid]

That's super cool!

[@dannymartial7997]

Humphrey was eavesdropping on your screen? 😂

[@hermburgler]

@@dannymartial7997 he showed up like Batman seeing the bat signal. Lol. Super cool guy, took photos with me chatted a bit. Nothing can express the feeling of casually watching someone on yt and him tapping and seeing the man standing over your shoulder. I dragged my jaw all the way to my gate.

[@Eric-bh7jy]

Who the hell wants to work after 65? Screw that. I would love to stop even before that. I’ve been saving 25% and pray I can go part time in my mid/late 50’s at least.

[@TheResearchScoop]

the other part to think about is social security benefits and how much they might be able to augment the above.

[@ryanclark6602]

Yeah I plan on going part time at 55 and retire at 62.Part time being around 25 hrs a week. Working more than that is crazy. I’m doing my time now so I can enjoy myself later

[@FIRE_DrNinjaTurtle]

I stopped at 58.5 years old. The job was toxic, so I pulled the rip cord as soon as I got what I wanted, the pension

[@AfricanBoy2422l]

Some people like their jobs

[@FIRE_DrNinjaTurtle]

@@AfricanBoy2422l yes, but I was demoted and given extra work, but I stayed to get the pension. Some of us suffer to get the dream later.

[@Krazybonejabs]

I'm not calculating ss into my retirement. Maxing everything I can for the next 20-25 years while having everything paid off.

[@pdxmusl1510]

Same here. I'm not counting on it. I've been investing over 50% of my take home for years now. I should only have about 10 years left.

[@givrally7634]

Same, I'm counting that as a tax and assuming I'm not getting anything in return.

[@TheResearchScoop]

the state that it's at this is a reasonable take honestly.

[@vavhab]

That is a wise decision! We won't get SS. :(

[@teams3345]

Retired at 56 and my retirement investments are more than when I retired. We like taking one 28 day vacation per year. We started investing in our 401ks in our early 20s.

[@TheResearchScoop]

Honestly this is a great video and appreciate your insight into the topic. As grim as it sounds, I'm happy that we talked about the 76 year life span or the average of 83 for men and 86 for women. The classic 30 year withdrawal rate of 4% might be too optimistic / conservative for someone that retires at the age of 65. Great video!

[@Datbrownkid313]

😢 damn that’s so depressing but honestly a valid point

[@andrewmcalister3462]

It’s important to note that “average” life span includes a whole lot of people who die before age 65. If you make it to 65, you can expect to live another 17 years (male) or 19.7 years female.

[@TheResearchScoop]

@@andrewmcalister3462 good point!

[@MikeS-7]

I think one thing you probably have to do as well as subtract out your savings rate. If you're saving at 20% then you don't need 80% you only need 60%.

[@humphrey]

Good point

[@andrew40]

I've always found estimating expenses in retirement difficult. I'm working now and am largely too busy to spend the bulk of the money I'm making. When I retire, I will have lots of free time, and filling that time will likely cost money, potentially more money than I'm spending now.

[@machineoutlivestheman1192]

Thanks! This one is encouraging. I hear so often that I “need” $2MM to retire and also that median retirement savings for my age group is around $167K. I’m well north of that at the moment but nowhere near a track that gets me to $2 mil. This video was helpful.

[@8Arachne8]

This is why I plan to live off dividends. Never have to withdraw or worry about market conditions. Requires a larger portfolio, but that larger portfolio happens with about the same investment when reinvesting growing dividends. And you’ll have a nice portfolio to pass on.

[@TheHavocdog]

I have had two stocks that pay dividends, cut or stop paying dividends in bad years. You may want to have a plan if that happens.

[@dannymartial7997]

I'm on track to fully retire by 45. But I'll probably work after that depending on how I feel. I'm sure it'll feel GREAT to work, but not have to worry about being at the mercy of anyone.

[@me0101001000]

I have zero will to retire, but it's still worth my time to look at this. On top of my job, there are other things I want to try. Funding my own ideas, maybe starting a business at some point, or maybe helping my future kids do something extra nice that I never got to. As Brian and Bo say, the goal is FINE: Financial Independence, Next Endeavor.

[@christopheraquino4711]

Super like this blog, Mr. Yang thank you. You showed the calculations how it will look like to have certain money for retirement. I am 51 and wife is 49 and we are in Gazelle intense in putting more money towards our retirement, glad we work in Federal Government aside from social security and TSP money we have pension as well. Our cars are new and paid cash, only debt mortgage with 2.25%. We are travelling now while we can.

[@Faolan_Grey]

I'm 21 with 73k in investments currently. I would like to partially retire when I'm 40, part time with just enough hours to get insurance.

[@KenW418]

This is the way. If you are doing that well at 21, then I have no doubt that you'll get there.

[@bvoyelr]

RE: The 80% rule, if you need a rule of thumb to know how much money you actually spend on a month to month basis, then you don't need to decide how much money you can spend in retirement. You need to know how much you spend *right now*. You are currently living in the world. You should know how much you spend and be able to project that forward (read: it'll be mostly the same. You'll spend more on healthcare and less on saving). From there, you can see how much luxury you can afford. For me, I use your financial mastersheet, which has my spending: savings ratio pre-calculated. I save 35%, which means I'll need to budget for 65% of my salary in retirement. That is my bottom line for existing at my current lifestyle budget. Everything I spend after that is flavor -- which I can budget for, but I know that if my retirement can't sustain that bottom line number, I need to make adjustments. When you put in the work to understand your fundamentals, the rest of this stuff suddenly becomes pretty easy!

[@Series7Exam]

Great info.. people definitely need to see this explained simply

[@philipfletch]

I'm a 52-year-old QA Specialist at Confluera, earning $150,000 annually. While I have a retirement account, I'm eager to explore short-term investment opportunities before transitioning to part-time work in the coming years.

[@mattiewallis21]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be. With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future

[@theodoreleste]

Please educate me. I am so much interested in investing but i don't want to make mistakes and loose my money. Can you pls connect me with your Adviser?

[@mattiewallis21]

My financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters

[@theodoreleste]

Thanks for sharing. I curiously searched the web with his full name and his website popped up immediately. I looked through his credentials very impresive and i will send him an email right now

[@larryly3613]

You might want talk about 401K annual saving limit for those high earners. At 200K income, the most they can save is around 11.3% in 2024 into 401K. The rest is some other outside investment account.

[@rodrigok1220]

If you’re over 50, you get catchup contributions. Also, the limit of 23k does not include employer match…. All your money doesn’t need to go into retirement accounts. More than likely, folks put into brokerage accounts as well.

[@Krazybonejabs]

@@larryly3613 Easy. Roth IRA, Hsa, hysa, brokerage, investment properties. Keep it simple.

[@tsrockstroh]

I wanted to ask this same question. How do you save 35% annually with 200k income?

[@Krazybonejabs]

@tsrockstroh mega backdoor roth ira up to 69k/year. Brokerage accounts if you house isn't high interest debt above 5%. Easy.

[@TheHavocdog]

​@tsrockstroh If people can live on 75K, then people can live on 130K.

[@williamstanley9048]

Hey Humphrey, always love your videos. I do have one point I don't see a lot of financial creators mention when they talk about life expectancy (such as your reference to a 76 year lifespan). We should really look at lifespan more dynamically based on current age. So while your reference to a lifespan of 76 years for Americans may be accurate as a whole. For Americans who are already 65, the average is actually 83 for men and 86 for women. This makes a big difference especially for retirement planning for those who want to "die with 0".

[@humphrey]

great to hear from you. Ok that makes a lot of sense, becaues those at 65 have already made it to 65 I assume haha

[@williamstanley9048]

@@humphrey exactly! It helps when ensuring people plan for longer than 10-15 year retirements. That 76 year old average is significantly weighed down by those who pass before 65!

[@JTBY007-iy1zu]

​@@williamstanley9048 Also, if you're planning for a married couple, one survivor is likely to go further still. Perhaps to 91 years old!

[@mlstoneking13]

Great video! You always make me feel optimistic about my retirement savings!

[@titohaldar2556]

Hi Humphrey, fantastic education with solid data and simulated scenarios. My situation: I am 53, and I estimate my portfolio at $1.6M and zero debt on my 56th birthday. I want to work until 60, hope to bulk up that portfolio to become $2.7M (again, zero debt). I live in the Phoenix area. Do you think I can withdraw $120k from my portfolio (50% Roth, 50% Traditional) at ~5% rate plus SS confidently?

[@jeremydudet]

Great vid, Humphrey!

[@GRAHAM54gfr_]

I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $15,000 weekly returns has been life changing.

[@Raphaelfiennes]

I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Kavita Rohan. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after few days of trading.

[@Bored55]

I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you

[@Margaret-b3u]

Well I engage in nice side hustles like investing, and the good thing is, I do it with one of the best investment advisors, she's really good, Thanks to Kavita

[@AnnaBram-y2j]

It's great to see you guys talking about Kavita, That woman has changed my life for good

[@Favourbbe]

with over 10 years of trading experience, Kavita, has gained herself a good reputation by helping a lot of people build their finances' through investments.

[@mallardcutter7209]

A paid off house is almost a necessity before retirement. As a matter of fact I wouldn’t even consider retiring with a mortgage.

[@grcigar9911]

In the U.S. considering SS and Medicare both are estimated to have a net shortfall of approximately $80T over the next 75 years, the net worth the younger worker of today projects to live off of in retirement in the decades to come won’t be based on the same rules and conventional wisdom in play for the last 40 years.

[@BrynnerWandemberg]

Going through some retirement planning now. One major consideration is LTC planning also. Major expense and 100% necessary for some families toward end of life.

[@franks4973]

Great to hear someone discuss dynamic spending. Have you thought about dynamic withdrawal with savings to dividend etf? I have 2.5m pretax, I made 350k this year, since I am already at 22% tax why not withdrawal more in up years. Put extra in the post tax dividend account. In down years draw balance from post tax to live on until market is up again. The average is 3 down years every 10 years and has held true for last 30 years. I am now 62, wife 57 and still working.

[@Takusanmizu77]

I would love a video that could help us choose a planner to help set us up for tax strategies and repositioning for retirement. I’m 47 and have done ok on my own but as I’m getting older and don’t want to work forever I am feeling the need to get help but am wary of salespeople disguised as financial planners. Tyty!

[@deniseprichett2619]

Great video!!! 🎊 Could you talk to the process of pensions? I have one and my 401k, but I am in my 50s so I am not clear on the pension factors into the picture. Thanks!!!

[@sevalle]

I will have a pension+social security, I also max out my Roth 401k and Roth IRA and have just recently started a brokerage account. Online calculators project me at 2.5M with a 10% ROI…I have no intention of slowing down my investment as I want to leave something to my kids as inheritance. I don’t need much for retirement either as I live very frugally

[@nickdokos8752]

Ive been watching a lot of your content and reevaluating my life. Thanks for the information it’s been very helpful.

[@jaydenrodriguez9492]

Im really wanting to add solar to my home but not sure if going through that debt is worth the return I believe it is but what are your thoughts? Live in Florida btw where we lose power when hurricanes pass.

[@benjyp1223]

Started investing at 23. Crossed to a 6 figure income at 30. Maintained a 13٪ savings rate. 7% growth rate projects a 3.5m portfolio. Obviously 8, 10, and 12% looks much much much better.... but a safe 3.5. Would be good.

[@freeman_fundamentals]

Is there a plug & play formula anywhere? I’ve been investing 9% since age 18 (2018, I turn 25 next month) & I make 60k a year. I’ve currently got a total of $62,000 in my fidelity accounts.

[@BigJeezie]

Vid checks out. I was told I need $2m balance for $100k/yr draw from my financial management guy.

[@mitchelsoucy3831]

Always enjoy your videos, thanks for putting the time into these

[@humphrey]

Glad you like them!

[@owggarage723]

I'd love to deplete my portfolio to 0 just before my lifespan ticks to 0!

[@tompartyka352]

Explain, I’m assuming that 3- 5k trips a year are for singles? Or the Bahamas? If not, let me know where you cruise or travel for 5k a week for 2 people? I would love to save a few bucks! It’s basically 10k a week for 2 persons, anything decent, again, unless you’re local traveling.

[@shannonhutchinson4084]

Hit 140k in TSP. Worried that maxing out once I hit 50 won’t be enough.

[@Bum_Hip]

We will have a better idea of Social Security’s future next week.

[@Watching4M]

lol Pontiac, MI catching a stray at 7:20

[@humphrey]

lol 😂

[@niveditar7783]

This is all assuming you already have your mortgage paid off, right?

[@tombkk1322]

What about Long Term Healthcare Cost in this equation? 24 hour in home nursing care can cost up to 250k a year. Maybe I missed this in the video.

[@wagon9082]

Good video

[@humphrey]

Thanks!

[@aaronquadd3019]

I want to keep as much money in my retirement to pass on to my children

[@Thesakuraharona]

I have about 30 years before I can even consider retiring (excluding any miracles), so I am assuming social security will likely not be an option by the time I get there.

[@moca8405]

Thanks @humphrey. My unknown worry disappeared a little bit. We have about 18 years till our retirement with a little kid, so we'll do our best for all of us.

[@SpokaneGuy]

I am not expecting any social security by i’m eligible (i’m 32) and I think most people under 40 should plan to not have that (better safe than sorry)

[@lberhold]

Always live on 70% or less of your income. 10% to charity, and 20% (or more) to savings and investments.

[@Mark-ez2vw]

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. The scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin, and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have a limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.

[@Apart_Ad337]

4% may be a bit much, especially for a long-time period. Maybe better calculate with 3 or 3,5% percent to be safe.

[@rodrigok1220]

It actually needs to be market driven. If the market is way up you could withdraw more lik 5 or 6 percent, but if market is way down, withdraw 2 or 3 percent. Just because you withdraw doesn’t mean you have to spend it. Withdraw and hold cash for when markets down so you don’t have to withdraw as much.

[@zayzay9006]

How much are you planning on retiring on?

[@rebeltheharem7028]

My desired spend in retirement: 200K (I want luxury travel). Years to retirement: 16. Amount needed for 4% withdrawal: 5mil Other sources of retirement income: I'll assume I don't get them Amount saved so far: 700K ROI Rate: 5%. Savings amount I need: 134K per year for 16 years. I guess I better get 2 more jobs.

[@awesomekj5812]

Damn ....don't waste time on internet then ..get to hamster wheel.

[@joycewright5386]

I’m retired 8 years and still scared to touch my savings. Living totally on social security.

[@alexgames01]

But this is with the numbers of 2024. Isnt there a rule to account for inflation 30 years from now?

[@bensattin2304]

One other thing to note is that if you hit 65, your life expectancy will be higher than 76

[@k0rean_pancake191]

HI HUMPHREY!

[@humphrey]

hi!

[@JoshuaFitch]

I think it's odd to assume that people will be retired for 30 years. If they work to the full retirement age of 67, there are gonna be a lot of people pushing 100 years old.

[@headsofhiphop]

If I'm retiring 10-30 years from now, wouldn't this have to factor in inflation? I'll bet $1 million isn't worth the same at that point.

[@msbgone]

Great vid, thank you.

[@humphrey]

u r welcome!

[@mattnemeth1333]

6:30 does that even make a difference? Thats such an insignificant sum

[@LouisDuran]

It's good you assumed 30 years and not the average American age at death. This is because the average age of someone who reaches age 65 is actually a lot higher than the average of the overall population

[@steveshow-tos5394]

40-something DINK here with nobody to leave our house/cars/assets to. I hadn’t considered the following point, but I’m thinking my wife and I could sell our vehicles once driving becomes unsafe (which would also reduce insurance costs) and put a reverse mortgage on the house or sell it, downsize, and rent once we hit an advanced age. I think we’ll be okay without doing that because, although we started saving late, we put a lot into our 401k, HSA, & IRAs annually & I have a pension. But I’m guessing there are other DINKs out there like us who won’t have anyone to leave their assets to that might consider either a reverse mortgage or selling their home & renting in their final decade or so to bridge any gaps in savings they may have. I’d be interested to hear more creative ways folks can make ends meet in retirement if they have no one to pass their assets to.

[@Zbecker13]

I volunteer as tribute 😂

[@unclefester6501]

​@@Zbecker13No, they can adopt me. Dad likes me better.

[@EvanKnightIsGood]

DINK here, we have thought of doing this as well. It's another lever that is available to pull if we need more cash in retirement.

[@MarcelinoDanielsson-le4mz]

¿And if I withdraw $0?

[@OregonGrower420]

News flash by the time you can retire these numbers will be a joke and you’ll actually need at least 5 million to retire. Good video but you should’ve added if inflation keeps rising over the years, this is how much you’ll need ect. This is w The amount of money you need right now to retire, I guarantee you, you don’t have a viewer who’s going to retire this year or next year lol

[@erichollar5503]

Live in Pontiac, Michigan? I live in a Pontiac! 🤣

[@humphrey]

No way!

[@sarapalin]

Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires, thanks Brooke Miller

[@kyleevanston]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@HighlightsSerieATIM]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@GrozaGroza-ko7fn]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@GertonTootle]

I'm new at this, please how can I reach her?

[@bennettross1]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@JTBY007-iy1zu]

Average life expectancy of 76 means at birth. But life expectancy at age 65 will be more like 84. And for a married couple, one survivor is likely to reach 91. To be safe, you need to figure on a long time horizon, or else develop a taste for cat food. Hope for the best, but plan for the worst.

[@baronvandermaas8429]

I would love a deeper video of expectations that people should have in retirement. Should I expect to spend more or less? When should I use certain dollars (tax deferred or tax free, etc.)

[@bvoyelr]

The spending expectation is easy: you will spend as much as you spend today, minus any amount you're saving for retirement. We have this image of this huge life transition -- and it is -- but financially, money just moves buckets (mainly from savings to healthcare). It's not like you're going to stop eating, maintaining your house, upgrading appliances every once in a while, buying new furniture, etc. Life just continues apace. Since you're no longer working, you'll want to increase your fun budget quite a bit, and I suspect that just depends on how much money you have access to.

[@vavhab]

It's too bad that most viewers won't get social security, or it will be shallow.

[@elijahfrench6034]

Do we incorporate dividends with these withdrawals

[@MFTW]

Planning that social security does not exist

[@TheHavocdog]

It will exist, but at a lower level than now. My plans project that I will only get 70% of the normal level.

[@MFTW]

@TheHavocdog fair. I just like to think of worst case scenarios. Maybe a good compromise is thinking it will be 1/2?

[@jacobbyrd8737]

I wish you would give more optimistic examples. Hearing you talk about retiring at 68 vs 72 is painful. I’m personally wondering about a 54 vs 59 year old range. 72 would be heart breaking for me.

[@rh88841]

What if your house is paid off? I feel like I could easily live off of half my salary with my only housing costs being property taxes and insurance.

[@rodrigok1220]

Agree! Hopefully my house is paid off, all my kids are through college. If I start removing expenses, I could easily get to 50%…

[@brianroy8748]

"If you want to spend more on healthcare" lmao wtf

[@filipostesfay9746]

first!!!!!

[@humphrey]

Nice work!

[@mallardcutter7209]

I hate bots

[@brianschanne6941]

I don’t understand if I’m home all day every day I will spend less than now. Now I don’t have days I can even spend money. If I have nothing to do all day everyday I will spend more or just keep working part time

[@taylolz]

Trying to spend down your retirement is the dumbest ideal ever. This is just the latest click bait topic.

[@MFTW]

Genuine question: why do people do the 80% rule, why not just do the same amount as your current annual spend?

[@humphrey]

I think its because retirees tend to see their spending decrease

[@MFTW]

@@humphrey 80% of my income is way higher than my annual spend. For example, 50% is in investing.

[@danzdogg]

@@MFTW Well then you either reduce your savings rate and spend more now, or retire early with the 80% rule (or without).

[@MFTW]

@@danzdogg why not just spend based on what I currently spend since my retirement income will be less than my current income?

[@vinyl1Earthlink]

It really depends. I am retired and spend about twice as much as I spent when working - I didn't have time to spend much when I had to go to work. My net worth is still increasing around 5% a year, so why not?

[@mohamudmohamed9049]

$3.08 million sounds great.

[@humphrey]

yes!

[@TripSoul10]

Having at least $2 million in Roth accounts for tax free withdrawals sounds sweeter.

[@rebeltheharem7028]

@@TripSoul10 Man, I wish I made one earlier. But that's why I'm not touching my ROTH until I'm forced to.

[@danzdogg]

3:22 - are you suggesting having the portfolio invested at a 7% or in a growth oriented allocation AT the retirement date? That's insane!

[@Eric-bh7jy]

That’s the reality of what people should be doing.. unless you magically expect the stock market and US economy to fall apart when you retire. Growth funds until 55-60ish, then scale back to less aggressive options

[@machine_learning_engineering]

Mortgage of $13K per month. Hoping to refinance sometime soon…

[@logicae4096]

Humphrey, multiple outlets are now saying that the stock market will only return 3% for the next decade. Think you need to update this video!

[@concernedcitizen4579]

All of my forecasts as a 33 yo do not factor in social security, it should be sunset and Americans should save for themselves

[@nathanrice7352]

Unrealistic take. Should and can are very different things. It's impossible to sunset without putting millions of seniors out on the street.

[@concernedcitizen4579]

@@nathanrice7352 that’s why you sunset it instead of it just going bankrupt

[@Joenzinator]

I was hoping to spend $500k/yr without touching the principle.

[@garettmcdonald6257]

Then you only need $13m in the bank 😂

[@Joenzinator]

@ Easy with enough time! Just need a couple lifetimes lol.