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Is $1,000,000 Still Enough To Retire?

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The amount of money people think they bneed/b to retire is nuts You don't bneed/b $1M You bneed/b way less You just don't want your standard of living to drop But the standard of living for the poorest in our society is WAY higher than nearly the entire rest of the world
Comment from : @ibealion1

Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive
Comment from : @BrianaTaylor-q5x

"its not hard to beat the market" - - - 85 of active managers (investing professionals) underperform the market (S&P 500) theres a reason years ago Warren Buffet made an open bet of a million dollars to any active hedge fund manager that claimed they could beat the S&P over 10 years one manager accepted , and gave up before the decade was even over
Comment from : @70qq

Not enough for their age to retire Keep working a couple additional years
Comment from : @ShawnGralla

If you invest all your 401k/IRA in an index fund you are certainly NOT average You are ahead of all the people who just save or are doing nothing at all Yes your return may be average compared to others who invest, however you have lowered your risk, which is not insignificant
Comment from : @CaptainJohn-x5t

11 every year from stocks okay buddy Wtf are these magic numbers
Comment from : @lukeorlowski8413

Nothing wrong with bondsbrRates are just down right now
Comment from : @TC2020-w8u

These videos show how neither of these two are CFPs, lol
Comment from : @breetai3

I think the retirement crisis will get even worse A lot of people can’t save because of low paying jobs, inflation, and insane rental rates And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either
Comment from : @IamJonny-o4v

What he didn’t say is that you’d be foolish to aggressively invest your retirement in your mid 60s the way you did in your mid 30s You should shift to higher floor strategy as you near retirement IMO to prevent the bottom from falling out without time to make it up
Comment from : @lukeknox2566

I love how Dave always talks about this fund that always beats the S&P500 but never tells us which one it is
Comment from : @Jeremycoxloa

I wish I had understood the simplicity of this idea when I first started working at 17 😪 brNow 49 and just now getting it I’m way behind
Comment from : @youtubeKathy

Assuming Trump doesn’t destroy the country That’s a big risk
Comment from : @MrTavis1

The most important financial task you need to clear is your primary mortgage Cannot retire with a primary mortgage
Comment from : @MultiPizzapizza

If you have $1M in a 401K or IRA, 5 a year return would provide you with $50K a year to live on and the $1M would still be there Depends on what your expenses are in retirement but most retired people I know spend WAY less in retirement than they did when they were working 9-5 and outside of the house everyday all day Go for a S&P 500 index fund w a bit more risk if that's your thing and you can estimate 10 avg annual returns $100K a year in passive income Just be mindful of taxes when you start withdrawals
Comment from : @alienresearchlab

14 million is 56k a year with a swr of 4 If you can't live on 56k a year
Comment from : @carbsforhope

I opened an ROTH IRA at the age of 27 and put the maximum amount possible for 2025 I feel foolish for letting my life fall into order so slowly The issue at hand is how to invest the funds most profitably in order to save for retirement
Comment from : @HodgeChris

7 or 8 percent withdrawal is utterly reckless by all other advisors takebrRamsey is insane
Comment from : @FatherGapon-gw6yo

Dave says, "The S&P is the average of the market" Say what? I guess you could look at it this way, but if you separated the S&P 50 from the S&P bottom 450, might look a little different
Comment from : @3youngdawgs

Slow and steady pace wins the race
Comment from : @barrychristensen356

Famous Dave's mutual funds advised by his Smartvestors Pro which grow 11
Comment from : @danielebasile3957

Your voice is like nails on a chalkboard
Comment from : @mav8903

Dave Ramsey is very smart and wise in so many ways He’s just dead wrong about what you can expect to pull off a portfolio and also doesn’t understand the difference between average return and the internal rate of return (the CAGR) brbrAdditionally, When you pull from a pool of investments your CAGR over the period isn’t all that matters but rather the sequence of the returns also matters Very few of the past 80 years 30 periods can support an 8 withdrawal Sorry Dave We aren’t nerds, you are giving factually bad advice in this one instance and you just call everyone nerds instead of learning anything
Comment from : @jbell0243

Hi Dave, New subscriber and I am sharing my story My age is 55 and I have zero debt, 110k in the bank, 35k NVDA shares, 401k $270k, IRA 145K and 2 houses in Bay Area with zero mortgages Just got a Mercedes SUV as my 3rd car I started saving after marriage only after marriage but will all this be enough to retire?
Comment from : @Richmind-ir5zi

ANY retirement income discussion must be holistic enough to include all income and all spending First off, when someone says my 401k is at $14 million that's not what is accessible to him or her There's a huge tax burden when removing this tax deferred money Dave has a long history of tunnel vision and over simplifying so much he's misleading people
Comment from : @FrankMoore-kx7in

I have learned that the problem with any budget is not revenueit's spending
Comment from : @ericpurdy6880

Depends on your lifestyle and how much you made while working It might be $500K, it might be $1M or it might be $3M, depending on whether you have pensions, what you expect from social security and what you plan to do in retirement If you want to travel all over the globe, you'll need more than if you just want to sit at home brbrbriBottom Line/i : There is not a real answer to this question as asked If you don't know your spend while you're working and in what categories, you're spitting in the wind
Comment from : @teekay_1

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @GeorgestraitStriat

The BOTS are annoying on these financial channels Jesus, YouTube! When they get reported, actually look into it and close down those accounts and ban those IP addresses In 2025, this should've been fixed by now If a name is given, followed by glowing reviews for this fake person, it's a SCAM! Shut down every account that sings this fake person's praises, because they're fake too It's not hard to spot them They've been using the same annoying tactic for over 10 years You'd think IT nerds would be smart enough to figure it out
Comment from : @Po1itica11yNcorrect

The S&P is not average Few funds consistently beat it
Comment from : @Vasinvictor1

According to another channel only about 4-5 of Americans have 1 Million or more Most also think the market will crash in the next year or 2
Comment from : @JamesOrth-o1v

I don't know wtf is rasmsey talking about If you would have retired in December 2017 with 14M, would you dare to withdraw 8 in 2008? 😂😂😂
Comment from : @onlinecux

Only if ur an atheist dirt bag who cares nothing about the millions of gods children who still starve Otherwise you are broke from helping others as the Bible tells you to do
Comment from : @BradBaka-z5t

14mil in an IRA is that invested in money markets? (fail) or S&P500 (Good) or half in the NASDAQ 100 (Better) brYou MUST invest in stocks, not save, to earn 2 or 3 times inflation
Comment from : @scottbaker9066

Not everyone wants to die with money in the bank Saying only retire when you can live off the interest is stupid
Comment from : @edavis5451

Having a million "in a 401K" means he will probably be taxed on that money when he goes to use it Tax-deferred savings are worth about half of their dollar value when the time comes to access it if you take it out in more than small amounts Having $14M at this time means you can retire on it, but your lifestyle will take a significant hit If someone has to "do I have enough?", the answer is almost always "no" The biggest hurdle to knowing is that we don't know how long we will live after retirement
Comment from : @G31mR

All this is bad advice! So many assumptions that will never be consistent based on past history
Comment from : @steelydan146

Sorry but 8 of 14 is $112,000 not 90K
Comment from : @mkeller8114

I stopped going to Starbucks and my net worth is now 8m
Comment from : @paris3396

I've been retired for almost 7 years and even with the turbulence in the economy over the past 5 years I haven't increased my withdrawal rate since I retired So inflation isn't as scary as it sounds
Comment from : @Columbus1152

Depends on your lifestyle and location, but $5M is the new $1M
Comment from : @joeweaver9913

Start with your expenses to see how much you need
Comment from : @PJBHolden

Warren said most can't beat the S&P
Comment from : @tylercampbell6365

Youur 54 and 14 mil? Your fine
Comment from : @ajs9013

When they pull from off returns from that 401k there will also be taxesbrBetter to work longer than need to and grow the retirement income portfolio than to not work not as long as need to Coming up short is far worse than having more than needed
Comment from : @RazorStrap

Stop with the "since market began" The market in more recent history has not averaged 12 percent and is not likely to going forward Need to be more conservative when estimating retirement income from investment returns Especially for non-expert investors people
Comment from : @RazorStrap

Who the hell makes 10 a year for seven years in a row? Hardly anyone, that's who Doesn't matter the stock market is making 11, data shows most folks make lots less cause they don't invest in the index, they buy high chasing returns, they sell low in a panic, they run across "life" and need to withdraw some money to buy a car replacement or pay for an emergency Try living beneath your means, saving more, planning on half that return rate, and you won't end up screwing yourself
Comment from : @dstevens518

I have $1,000,000 saved for retirement, but I'm worried about rising inflation Would this be enough for a comfortable retirement? I'm thinking about buying stocks
Comment from : @LesterHess-t1x

Not even close
Comment from : @seant1821

10?brYou can not count on 10
Comment from : @finerbiner

From 2007 to 2014 my Roth IRA lost money each year until the last Can’t take 8 when you’re losing 8 The LAST 10 years have been WONDERFUL!!! Great for you That 15 or 12 or 9 growth isn’t guaranteed
Comment from : @leonardhollerbach9806

Not with the Trump inflation
Comment from : @AWOLCPA

“A wise man saved for his future, but a foolish man (GAMBLES IN THE STOCK MARKET!)” -Proverbs 21:20 🤪
Comment from : @kriskringle3164

I certainly have not averaged anything close to 118 return on my 401k over the years This is why Dave’s math drives me nuts I’ve changed financial advisors 3 times over the years, due to sub-par performance The problem is by the time you notice it, it’s too late, you’ve already missed out on the up-market Every advisor I’ve employed came with solid references and a “good track record”
Comment from : @sc100ott

please stop asking a megamillionaire wasp, whose wealth depends on you continuing to bust your hump if you should retirebrjust STOP
Comment from : @dacianbonta2840

This is my fifth year after retirement I’ve been following the 4 rule thing I saw on a YouTube channel, but this isn’t really how hard I expected things to be After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried
Comment from : @DarnellsStevenses

Investments are the roots of financial security; the deeper they grow, the stronger your future will be"
Comment from : @MatthewAidan4ns

All you have to do is ensure 10 annual return… Oh, ok So easy… 😂😂😂
Comment from : @danielbooker9107

does this still include social security?
Comment from : @stuartschultz8823

This is Dave’s wife? Damn! I like him even more now 🤣
Comment from : @SeasideSunsetRental

Does Dave ever talk about moving into bonds as you get older? Or does he want you just 100 equity forever?
Comment from : @Schoolfunds1

I'm prepared for retirement and have $1,000,000 saved, but I'm concerned about growing inflation Would this be sufficient for a decent retirement? I'm considering stock investing
Comment from : @Aarrenrhonda3

So I guess we'll be able to rack up unimaginable debt forever for this scenario to play out Who knew?
Comment from : @rubicon3416

Sorry an index fund isnt average
Comment from : @billyb4790

The 4 rule is good to use as a safe bet, because the market could go down for a couple years, and 4 will give you enough recovery time for the market to down For this financial stuff, you should have your retirement home and it is fixed up and ready to enjoy, and you have vehicles that you don't need to replace 4 will give you $56,000 a year for retirement and that number should grow as Dave says However, if you have big expenditures, more than 2 people living on $56,000 it is tight Don't get me wrong, people make it work, and in a 3 years 4 might be $70,000 which is what people hope Add $3000 a month in Social Security if you are older it becomes better
Comment from : @barryspotts9850

Don’t overlook sequence of returns risk Davey Boy, if they retired and the stock market was down for their first couple of years and they take that draw, they’re screwed
Comment from : @joetenise

Imagine if we actually put this money to good use instead of burning it up lounging around for decades at the end of life
Comment from : @jonathanstensberg

I have $1,000,000 in savings and I'm ready to retire, but I'm worried about rising inflation Is this enough for a comfortable retirement,I’m looking at investing in stocks
Comment from : @Powerz00

I’ve been saving for a long time instead of investing, and right now I only have about $516k I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement I’m just here for ideas
Comment from : @EverlyndPerez

Is that his wife?
Comment from : @adamlewis4605

I'm skeptical that Dave achieves better returns than the market, considering that most mutual funds accessible to the general public tend to underperform the S&P 500 Additionally, he sells training and certifications for financial advisors If the majority of people simply invest in ETFs, the demand for financial advisors could decrease, potentially affecting his business
Comment from : @CyranoVE

How many people beated sp500 in the past 20 years?
Comment from : @zy7067

Typically professionals say plan for 4 into perpetuity, not 8 Dave is neglecting many things including taxes you have to pay on your returns It’s also very hard to beat the s and p, ask Warren Buffett!
Comment from : @jmn1238

Why’s Dave so angry lol
Comment from : @Action_Clips_CODM

Would like some clarity on taxation with an IRA 401k's and how to determine what taxes we'll pay
Comment from : @ryanpugh111

I am planning to retire on £200k in UK Is it enough? According to online calculators it is Calculator called: How long will my money last
Comment from : @ostrajazda7507