How Much Money Do You Need to Retire?

By Allen Krewzz

Published July 4, 2026Updated July 4, 2026

Why There's No Single Universal Number

Step 1: Estimate Your Annual Retirement Expenses

Healthcare costs are one of the most commonly underestimated categories in retirement planning. Research realistic estimates for your situation rather than assuming current healthcare spending will simply continue unchanged.

How Much Money Do You Need to Retire?

Why There's No Single Universal Number

Step 1: Estimate Your Annual Retirement Expenses

Step 2: Account for Other Income Sources

Step 3: Apply a Withdrawal Rate Framework

Step 4: Factor In Time Horizon and Inflation

A Simple Framework Summary

Reviewing and Adjusting Over Time

Common Mistakes

Conclusion