cover of episode How to Make $100,000/Year in Retirement

How to Make $100,000/Year in Retirement

2024/9/13
logo of podcast George Kamel

George Kamel

Chapters

Retirement planning requires considering retirement income, not just savings targets. This chapter explores how much you need to save to have a $100,000 annual income during retirement, factoring in withdrawal rates, investment returns, and the importance of starting early.
  • A 4% withdrawal rate is generally recommended by financial advisors.
  • The S&P 500 has historically returned 10-12% annually.
  • Starting early significantly impacts retirement savings due to compound growth.
  • A $2.5 million nest egg is needed for a $100,000 annual income at a 4% withdrawal rate.

Shownotes Transcript

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When it comes to retirement savings, most people have a specific dollar amount in mind, like $1–2 million. But you have to consider what I call your retirement income. In this video, you’ll learn how to have a yearly income of $100K well into your golden years.  

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