Ask An Expert

How much do I need to have

saved for retirement?

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.