How Much Retirement Income Will You Need In Retirement?

[@Beaver.17]

How is the ratio decreasing when cost of living is increasing and salaries are stagnant?

[@itsthepoolguy]

The retire abroad strategy is the only way that's going to work out. Or live in poverty while retired

[@yourfinancialekg]

Very true

[@MrEscape314]

Not so bad if you add in the average SS and your house is paid off.

[@feartheturtle9618]

First you need to know your expenses. Then project from there with a 3-5% yearly inflation factor.

[@yourfinancialekg]

Exactly

[@gorelowjeff5054]

I wish this would have been a little longer video. I'm just not really understanding what you mean

[@yourfinancialekg]

Check out some of our other videos. This was a short so it can only be 60 secs

[@itsthepoolguy]

Now, if this is only working years savings/pension then yeah, I agree 60% with another 20-30% from government supported plans.

[@yourfinancialekg]

Great comment!

[@MrEscape314]

Is this 60% of income or 60% of expenses.. in retirement, expenses will go down unless you wanna live large. Expenses go down if lifestyle doesn't change. If you are saving 20% gross, your expenses are already max 80% of income. If your debts are paid off and you have no work related expenses, then living off of 75% of your working period expenses is about 60% of your working income. It's a lot less if you do Roth. Because then your work time expenses are much less than 80% of your working income and your retirement income won't be taxed.

[@melissab0515]

60% no way