How much in savings investors need to have by what age in order to retire at 65

On April 24, 2021, From A. S., DDS

Thank you so much for spending the time with me. It was a real pleasure.

One question. How much in savings should the average 55 year old have to retire?

Our answer

The table below is an approximate rule of thumb description of how much investors need to save by what age. The amounts include government contribution to investors’ figures.

By age	Amount

30	Equivalent of annual income
40	Three times annual income
50	Six times annual income
60	Eight times annual income
65	Ten times annual income

In retirement, investors can safely withdraw 4% from their portfolios if someone else is managing them or 5% if they are do-it-yourself investors.

Can writing (selling) puts and calls lower those numbers?

Contact me if you want to discuss this subject further. (milan@drmilan.com)

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