Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. The authors of this article cited 32 references, which can be found at the bottom of the page. How to Calculate How Much Money You Need to Retire Co-authored by Michael R. Most people look forward to retirement. This is a period of life in which you can step away from the grind of daily employment and follow your dreams.
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In a perfect world, everyone would be able to retire without worry or regret. Unfortunately, many people fail to prepare financially. To get started, you’ll need to figure how much money you are likely to need for retirement. An important first step is to determine the amount necessary to cover basic living expenses each year. There are different perspectives on how much this will be.
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