How Much Money Do You REALLY Need To Retire? What's YOUR Retirement Number

What's Your Retirement Number: How Much Money Do You Really Need to Retire? #howmuch #Lisbon #Europe #Retire #DigitalNomad #onemilliondollars #movingabroad #livingaboard #movingtoportugal #movingtoeurope #retirehappy #trav
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[@knowen87]

I love Alans happy dance and the different format!

[@ItllBeFun]

Great! We were wondering how people would like the idea. Now we just need to work the kinks out. Thanks for your feedback. And for noticing the Happy Dance!

[@TomChase-yb7fg]

Very nice video. I think most of your viewers will feel better about their preparedness for retirement after watching this video. I always enjoy your videos. Thanks for creating them and sharing.

[@ItllBeFun]

Bom dia Tom, Thank you very much. We appreciate you watching and supporting our channel.

[@desertdweller8520]

Oh Alan! That happy dance made me laugh.

[@ItllBeFun]

I have laughed everytime I watched it. Leslie

[@KarenLanigan]

Hay, you almost smiled doing the dance!!!

[@ItllBeFun]

I know! Wonders will never cease.

[@qwqwlex]

1M is probably just enough (for now) for one person to have a decent lifestyle in Portugal if you say retire at 50 and do not want to work anymore. This includes money in your pension.

[@ItllBeFun]

Thanks for sharing. Your support is greatly appreciated. Have a wonderful day.

[@georgepiteira7586]

How cool, the chilled-out version of Alan. Love it. Keep it up!

[@ItllBeFun]

Thanks George.

[@ItllBeFun]

Bom dia! Just because you don't have millions doesn't mean you cannot build a wonderful life. Join Our *Ultimate Moving Abroad Program* and SAVE 20% today. Come take a look and see if it is for you. *Use code KZbin20* Follow this link: www.itllbefunretirement.com/movingabroad-1 We also hope to see you on Patreon. Join Us On Patreon here's the link. www.patreon.com/itllbefun

[@wildfoodietours]

I came for the Happy Dance!

[@ItllBeFun]

And it was fun!!! Thanks for coming!

[@almarcano6964]

I hope Alan didn't pull a muscle during his fancy dance moves🤞 Great information as aways guys! Obrigado 🙏

[@ItllBeFun]

Most exercise he had in a week!

[@almarcano6964]

😂 keep it up!💪

[@JP7onEarth]

Oh my, Sunday evening boogie! Made my weekend. Next time maybe work in some footwork too. It'll be Fun. JP Porto

[@ItllBeFun]

Olá JP, Next time we will get you to join in!

[@lauras8674]

Thank you both! I am close to retirement! I hope to do the "Allen retirement dance soon!"

[@ItllBeFun]

It'll Be Fun!!!!

[@jPuma817]

Love your content, god bless, I wish more Americans would see this and be brave enough to retire earlier , enjoying the new style, ya are truly becoming media content creators

[@ItllBeFun]

Ola! Obrigado! Yes, we want more people to know they can create a lovely lifestyle. It may just be different than what they thought it would be.

[@adman4you]

Your happy dance made me laugh. Thank you both for providing perspective. No, most of us don't need a million dollars in savings to retire comfortably. Becoming ex-pats is certainly a big move but for many, including me, it may just be the thing I need to not outlive my savings. Cost of living in the U.S. is out of control and I don't see anything changing anytime soon. Thanks again.

[@ItllBeFun]

Bom dia Admin, It can be lots of fun exploring to see where your money can take you. And freeing once you expand search outside of your country. We wish you the best. Join us at www.itllbwfunretirement.com and www.patreon.com/itllbefun

[@silverf0x7]

hehe, great job, enjoy yourselves!!

[@ItllBeFun]

Obrigado, thanks for being here.

[@ruinunes8251]

That was a happy dance. Did you have a few ponchas before that dance?

[@ItllBeFun]

You would have thought but sadly no.

[@Bob-yh7ir]

Great info. everyone is different but everyone needs to find their number(s). For us 1.3 million was the finish line. We have crossed it and then some so finishing up my final months at work and getting out in our 50s. Heck, when I turn on my SS at 64-65- a little early- it will more than cover all our household expenses and local entertainment. The only thing we will need to pull on investments for is big travel or repairs, etc. Should be easy street and that's not counting my wifes SS. We will not need to touch investments with 2 SS coming in. Your property taxes sounded insane. We pay 1600 a year.

[@ItllBeFun]

Olá Boa, Thanks for sharing. Our property taxes are now under 100€ a year. Life is good.

[@margottomasik2108]

I think everyone should start with a number they need to have every month and decide then how much they need in savings.

[@ItllBeFun]

What happens if you are already at retirement age?

[@Fell214]

Guaranteed public pension and SS is still a viable combination. At 62, we have a gross fixed income of $150k per year from these two sources (both COLA-adjusted)…not including investments. Most of our friends have similar situations. Retirement abroad with this income is even better.

[@ItllBeFun]

Yes. That will work, however you should understand that many people (less than 6% of working age population in the USA) do not have pensions these days and need to work with their savings and investments. But if you have a pension then life is good.

[@KarenLanigan]

Enjoy your videos. Thanks for your efforts. My adult son and I have about $20,000 in a Portugese bank account, and have been told we need about $10,000 more for the two of us. I think we have plenty and can't find out for sure. We can't wait to get there! Anyone have any comments or advise about how much $ we need tohave in the bank to get out there? :)

[@ItllBeFun]

Olá! Thanks for watching and sharing. Come join us at www.patreon.com/itllbefun The number you need will depend on what VISA you are applying for. For example: A traditional D7 retirement VISA would mean a minimum of one year the minimum wage is held in the account per person. There are minimum passive income requirements as well. A family reunifixation VISA may also be used for one of you. There are lots of options.You may want to work with an immigration lawyer. Our immigration lawyer can be contacted [e-mail] Have a wonderful day!

[@BoninBrighton]

A million ££ in England will generate say £40,000 in drawdown pretax income a year (dividends income). This produces an ok lifestyle if you own your own home so no accommodation costs. Anything over £45,000 and you’re moving from 20% tax to 40%! So as soon as you get state pension SP at 66 which is £11,000 then drawdown needs to go from to £30,000 to avoid 40% tax…. but inflation means you actually need to draw down more…. It’s a conundrum. Then add in any occupational pensions….and tax management becomes a big issue.

[@ItllBeFun]

Bom dia! Thank you for sharing..

[@margaretames6522]

Still not enough in the US

[@ItllBeFun]

Ola! Só add up what you have and start finding a place you can live your dreams. There are no rules that say you must stay in the USA. Sell it, move it!! Sign up for our It'll Be Fun Moving Abroad Program today. Www.itllbefunretirement.com

[@margaretames6522]

@@ItllBeFun Working on a plan!