Ask An Expert

How much do I need to have

saved for retirement?

Jason Conger Financial Advisor

Answered By

Carol Bell

Financial Planner

carol@bettermoneydecisions.com

Question

How much do I need to have saved for retirement?

Answer

Here’s the answer–it depends!

I have worked with clients who don’t have high incomes but have always lived within their means and are great at budgeting. I have also worked with clients who do have a high income, but have nothing saved at all because they spend every dollar they make! The amount you will need for a successful retirement is different for every person. There are lots of great rules of thumb out there for retirement savings, but nothing compares with working with a professional advisor to get a financial plan tailored to you and your retirement hopes and dreams.

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