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How much money do you need to retire at 40?

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Frank Bell81 Posted

How much money do you need to retire at 40?

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The short answer without knowing too much about your personal situation is around $2.5 million in investments. At a conservative anual rate of return of 3%, this will yield about $75k. You can increase your income by planning on 4-5% based drawing down your investment along the way, your life expectancy and social security being available. Obviously, this is a very simplistic analysis since I know nothing of your personal situation. Your best bet is to meet with a financial planner and make a plan.

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