?? Work at Pickup Points � Flexible schedule

How Much Is Enough To Retire Comfortably (updated for 2024)

MeaningfulMoney 485 views

Download Video

Comments

So win the lotto, be a financial adviser like him,or you're doomed 😢
Comment from : @KarlEyres-zm3lj

At 70 I enjoy listening to retirement advice more than following it and less than providing it to others
Comment from : @rodniki14

Great video! what’s a Realistic Retirement Budget? I’m 62 With $890k in a 401(k), $115k in a Roth IRA and I’m Eligible for Social Security
Comment from : @lindawinkerj

Why not just carry on investing ? don't loose sight of being frugal
Comment from : @davypatt1

By the time you hit 75 years of age the state pension will be plenty to live off Retire early and get it spent
Comment from : @allanmoorcroft4785

Nice to hear your video but what do you do if you are already retired and not preparing for retirement?
Comment from : @robertmiles673

Awesome man! Great advice, and easy to understand! Subbed ! Cheers!
Comment from : @Rocky-y8f8q

In this example you didn’t spend any of the capital what if you’re happy to spend that until state pension arrives
Comment from : @bengunn5451

I'm 36 and without channels like this and @makingmoneypodcast I think I would have never started really grateful for having stumbled across videos like these!
Comment from : @angeloleen

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life Make prudent investment choices to secure good returns and ensure a comfortable retirement
Comment from : @lacreshahicks

I just turned 52 and am really focused on building wealth for my retirement Up until now, I mostly relied on a basic savings account and a few old stocks, but I’m realizing it’s time to ramp up my efforts My goal is to retire comfortably at 68, yet I’m not entirely sure how to maximize my investments and grow my portfolio effectively at this stage
Comment from : @Adam-dm8wg

Generating wealth is important, but protecting your capital is even more essential Once lost, rebuilding financial stability becomes significantly more challenging It's the difference between "missing an opportunity" and "losing everything" while new chances will always arise, losing your capital could bring your journey to an abrupt halt
Comment from : @OyunBabus-e4k

📊 Great video! Understanding the market is key I create dynamic charts that bring stock movements to life visualizing trends in action! 🚀📉
Comment from : @StockMarketVisualization

Retirement is going to get real bad under Labour
Comment from : @williamcrudd830

I Hit 12k today trading Started last month 2024 Financial education is indeed required for more than 70 of the society in the country as very few are literate on the subject thanks to Louise O'Brien for helping me achieve this
Comment from : @EliWesley9

How much? Too much is never enough I would say to retire in a comfortable position an income of $100,000 or more is reasonable This is living in a low cost state here in the US
Comment from : @texasboy5117

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 into something substantial that I might use for retirement I’m just here for ideas
Comment from : @A_francis

We've enough to have the retirement we want so many channel's saying we need a million we've nothing like that there's so many variables and everyone will have different idea's of what retirement looks like
Comment from : @pip1723

You are 49yrs wow… I would have said 55yrs…lol 🥸🤡
Comment from : @latitudeash

interesting video thanks, I watched a guy on ted talks he had the 375 rule, workout what you need to live monthly (in your hand) times it by 375 that should give you a figure to last 30yrs?
Comment from : @gsman9848

Jesus man the number of fake bots in your comments is too damn high!
Comment from : @TheBoringInvestorMan

I don't need much but being happy works for me at 73
Comment from : @richardfowler9901

I’ve been hearing a lot about Roth IRA conversions lately, but I’m confused about whether it’s the right move for me I’m 47, with a decent 401(k) and a modest traditional IRA With taxes likely going up in the future, should I start converting now, or am I too late?
Comment from : @viviancarolgioao

Probably a common feeling but anyone younger start sooner I wish I had Thank you for the video I will watch with interest @MeaningfulMoney
Comment from : @LucaYoung

About £15m in todays money retiring at 60 is my target
Comment from : @Flashheartwoof

At 32, I'm diving into investing for the first time I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner
Comment from : @Daaannn-g6k

Great presentation style!
Comment from : @philgoodwin67

I couldn't possibly manage the figures you suggest, and to preserve my health and sanity, I've just retired at sixtybrbrWe have just about enough coming in to live on, and are subsidising it from savingsbrbrBut here's the important thing: we're going to spend most of our savings by the time we're eighty five or so, thinking that after that we probably won't be travelling as much I don't think you need to budget assuming you're going to live forever We're also going to get a boost when I turn sixty seven, so we're plundering our nest egg for the next seven yearsbrbrThe kids can look after themselves
Comment from : @stewarthorn8342

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get 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 : @MathewOliver486

I have been a dividend focused investor for a long time This doesn't mean I don't own growth stocks, I do A well rounded portfolio should be a mixture of both categories one way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion I invest in the market but never put all my money in market
Comment from : @AngelaHunt290

Very sensible and practical advice, many thanks!
Comment from : @drummingspain207

I'll answer that question for you You need to save 20-25x what you want your annual retirement income to be
Comment from : @camshaftcasting1451

4 rule will not guarantee you for the rest of your life It guarantees (rule of thumb) that you will have that 4 annual income for 30 years, assuming the market performance is similar to those during 1926-1976 If market performance is worse than the 1926-1976 the 4 annual income is only guaranteed <30y If you live more than 30 years, you will also run out of money
Comment from : @paphiopedilumorchidaceae3782

Good memory care in Southern California is $13,000 a month per person People need to take that into account Both my parents have been living there for three years so we’re $1 million in
Comment from : @rmh691

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @ЕленаФирсова-ц6м

So many people I know talked alot and planned for retirementlived at work doing overtime for retirementThey died in their 50s40s or maybe saw 6 months of 'retirement'bras long as you have a paid off house and don't buy shit you don't need all this money
Comment from : @Nicks-qc6ty

Don’t retire 100brDon’t rely on 4 rulebrPlan 4market oblivionbrWad your pocketbrOffload gen z kidsbrGenerate passive yenbrStay healthy!
Comment from : @derekireland3395

Great thoughts! I started investing earlier this year with a start of 30k I made my first 100k USD last month Today, I have a decent $260K nest egg My only regret is not starting earlier This comment serves as motivation for all those who haven't made returns from investments, do not give up, the right investments will change your life I should retire soon as long as things remain this good
Comment from : @Remypierre-w7l

I'm 48 and thinking of retiring but don't know if I should My pension is 100K (before taxes) a year that increases 2-3 each year I spend about 66 of that on bills The rest I invest I'm not a minimalist but I have no desire to have the new car, brand clothes, eat out, take vacations etc I have zero discretionary debt and the house I own, I rent out for the mortgage Thoughts?
Comment from : @Amp96R

If you're 55 or under you probably never had a pension in lieu of 401K BS
Comment from : @bigneiltoo

Most Americans find it hard to retire comfortably amid economy downtrend Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Comment from : @ChristopherAbelman

complete rubbish for working class people seriously how many people do you think are going to have even 100k in cash when they retire
Comment from : @donone7686

Great video Really helpful Thank you
Comment from : @jasonfairey1933

This is my third 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 really worried
Comment from : @LanceyRoche

Listen 20 of Americans live their entire lives in poverty living off the scraps the government has fed them You are going to be JUST FINE being poor living hand to mouth like the rest of them
Comment from : @ChuckHolland-i4b

With Salary sacrifice and my company puts in what they save in Ni, for every 58p of sacrificed take home pay I get £1138 in the pension Very efficient
Comment from : @TM-uo3fz

To ensure a comfortable retirement, consider consulting a financial advisor to develop a personalized plan With a $250,000 savings, explore investment strategies like dividend stocks, rental properties, or retirement accounts to generate passive income and optimize your tax situation
Comment from : @MaximilianFischer497

£540 a week if you move to Morocco 😎🦥🍺🌴🌊🌞🇲🇦
Comment from : @edaleman2758

NO right answer
Comment from : @PJBHolden

Use all the money you’ve saved, in any form, whilst you’re able to, because the government will be coming to take the lot
Comment from : @garywilson1235

Hello, I am due for retirement in two years, I'm a senior citizen but I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet
Comment from : @TinaJames222

Hi, I'm a senior citizen who will be retiring in two years, but I'm interested in how people divide their income and how much goes towards investments, savings, or expenditures I make about $90K annually, but I haven't seen any results yet
Comment from : @LesterHess-t1x

For the purposes of IHT how is the value of a defined benefit pension calculated?
Comment from : @derekgray1705

Isn't it enough just to retire who cares about the comfortably bit?
Comment from : @mriggst

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 : @IfranReinfeld

I'm currently 66 and have been investing my retirement money on real estate as well as bitcoin investing with one of the best financial managers aroung in Kurt Bastian Vogel
Comment from : @eliroberts3806

I lost my wife to Covid in 2021brI was told I can claim some money for herbrWhen I retirebrAny help here or will I contact gov Com againbrThank you
Comment from : @Ricky-r8p6d

My wife and I sold two homes in San Diego in early 2024 One close to the beach I'm not going to put the actual numbers on here, but when we do retire (2026?), we're more than set
Comment from : @FOHguy

I just turned 44 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55 How best do I maximize my savings of over $110k
Comment from : @Raniyanhunter

I have an Investment portfolio that's worth $1million, I don't think that'll be enough for retirement I need an average risk investment strategy in stocks that'll give me more yield
Comment from : @Aarrenrhonda3

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket i want to invest around $250K savings
Comment from : @IamJonny-o4v

Jama kartae he Mahgayee Badh Badh Kar Money Value 100 say Reduce ho Kar 30 / 35 hokar Barson Baad He Ginte Mai Aik Crore Rupees Hoge
Comment from : @abdulrahimkhan5714

I’m 63 Own a 11m house outright Have a commercial office worth about £350k no borrowings (have owned this for approx 20yrs), this earns about 17k per yr let out on long lease 260k in private pension as yet untouched Savings in the region of 300k held in various different places I retired at 58 This is not luck, this is about planning many yrs ahead! People say, oh your lucky, I worked bloody hard The harder you work the more luck you make
Comment from : @MrTrapper28

OMG 49? I thought you was approaching 60 Get to the gym is my advice back to you!!! I’m 54 turning 55 in case you’re wondering Seriously, have a think about yourself
Comment from : @claussalt4140

As fart as I can see you havent taken into account your descreasing outgoings as you age So at the begining of retirement at 67 you may want to travel, do hobbies, have holidays etc, but as you grow older these outgoings are usually much less, so you should top load the first 10 years and have reducing numbers after that Also how long do you budget for ?, I think at the moment the average life expectancy is around 82 ? so if you retire at 67 you can expect on average to live for 15 years
Comment from : @michaelhex

just the fact that you admit there are "assumptions" (educated guesses) that go into planning you are ahead of the rest of the planner pack Great job
Comment from : @user-dc4kv5ci5w

Live off your actual investment returns Don't take out 4 at the start of the year and hope to grow your investment by that amount of more Instead at the end of the year, see how much your investments made and live on that return 😊
Comment from : @TOMDXBSCOT

I have a friend who is almost my age I sometimes phone him to find out if he is still alive I have another friend who is a bit older - he thinks he is having a nervous break down I have had enough worry during my lifetime These days I only worry about the lives my step-grand children might have
Comment from : @alancotterell9207

Pension in Australia is 500 but you need 800 …1 k to be comfy …I’ve been on disability since 2009 …so I know how to live lean…with your own place or government housing as I do
Comment from : @johngiotopoulos343

Why calculate 25 years?
Comment from : @neilprendergast1312

Good summary
Comment from : @pedrozatravel

I like the video I’m only a couple of years from target retirement I’m not sure about the 4 rule, and starting it from 67 Also but harder to model is that you’re likely to need more early in retirement than later on I think the hardest bit is figuring out what income you will need!
Comment from : @simonpj145

I would call having £2,000 pcm discretionary spending more than 'comfortable'
Comment from : @markhildred2456

Without watching Savings of £1 million plus state pension
Comment from : @jeremycanning8934

So many comments here are fake threads advertising unknown individuals Be cautious Not sure why the channel doesnt post warning or close comments
Comment from : @wmarian5027

Comfortable is spending less than your income I have been doing this for 20 years I retired at 46 years old
Comment from : @davidpickard9393

I think I am totally fcuked I am 62 and big debts and a pathetic pension pot The best for my family would be for me to top myself so my family can get the life insurance
Comment from : @longandshort6639

Retired at 50…take that society
Comment from : @MarkLucas-j9b

Is this 4 the rich😮
Comment from : @tonyharris7399

I could comfortably live in an eyesore, so from there on up I am quids in As an engineer that knows pretty much about anything building related, has renovated old homes, fixed more mistakes made by so called tradesmen than can remember
Comment from : @wavewobbler