*How Much Money Would It Take For You To Retire*??


Sunny beach, sipping icy drinks with umbrellas, and hammock swaying fun… Retirement! Most people dream  about wanting to retire…but I tend to find very few people actually make any plans for it. At least not any that are formed in any kind of reality. Most people run the rat race. Get up, Go to Work, Repeat. Some manage to break into the "self employed but really I just am a sales person for someone else" model….  but few I find answer this very simple starting question.

Exactly how much money would need to appear in your bank account every month for you to call it quits to going to work/job/cubicle everyday.

Before you answer, don't just do a budget of your current life situation. Would you give up your current minivan, house in suburbia, and cable tv package if you didn't have to go to work anymore? Would it be ok if you suddenly re-gained those 40+ hours of work life a week and instead had a slightly older car, smaller house and no HD tv package? Could you live? At least to start?

If you can grasp that concept, you are on the road to breaking out of the rat race. 

So, Internet… I ask you… how much monthly income would it take for you to retire?

#entrepreneurship  #ceo #business

*How Much Money Would It Take For You To Retire*??

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  1. Ayoub Khote says

    You never know what inflation will do… If the figure is adjusted for inflation, then £2,500 per month would let me retire.

  2. Heli Järvenpää says

    I actually once made this kind of calculation but with the idea of living the dream.

  3. Lord Parker says

    I can actually retire tomorrow if i feel like it… I'm 42 btw.. but if I were normal I'd say £400 a month

  4. Jake Kern says

    + Amanda Blain, my retirement plan is to eat a lot of fast food. With that in mind, how much would 10 fast food meals/week cost me?… Hmmm…

  5. Sarah Rios says

    To retire right now, or to retire in an ideal situation?  To retire right now I'd need to make more than my current salary to squeak by (we are hardly paying bills right now), preferably double if I actually want to be comfortable in my retirement. 

    If I were to suddenly have all the major things taken care of, such as having a house and a car that are paid off, I could retire on what I make now.

  6. William Kenny says

    Actually last week, my wife and I met with our investment banker who has been managing our money for decades and he assured me if I retired this morning (Wednesday) I'd have enough money for us to live on for the rest of our lives. Assuming we were both dead by Saturday afternoon.

  7. Tashia Dixon says

    me too

  8. Mark Burhop says

    For Americans  about 75% of your current income is a good first guess on what you need at retirement.

    If you want to figure out how much you need to save, figure taking out 4% of your total savings every year.   That means you would have an income of about $40,000 a year if you saved $1,000,000 for retirement.

  9. Kelly Mitchell says

    That's pretty accurate. 😉

  10. Greg Christopher says

    I would retire from my day job with a small annuity. Maybe $2000 a month. I could make enough doing what I love to make up the difference I think. If not, I could still make it and be happy.

    For $4000 a month, I could just give away my work at cost.

  11. Stacy S says

    At my current rate, I have 7 years. I was set back by two years due to listening to a financial investor.

  12. Richard OHearn says

    I live a pretty minimalist lifestyle….well, relative to what is "typical".  I don't have cable (but I have a faster internet connection so I can stream better content), I use a push reel mower (for exercise & the fiscal aspects of not having gas/maintenance), I try to bike a lot of places if I'm not with the kids…you get the picture.  That being said, I'm still a gluttonous person.  I would need at least $60k/year in income, and that would be if I made sure my wife were still in charge of the budget.  If it were up to me, well, I'd have to win the PowerBall…which is kind of sad to say now that I think about it….

  13. Jake Kern says

    In all honesty, I would never want to retire. I've done something similar to it before, and there's a reason that it is the same level of stress as the loss of a spouse. I do not have enough words for how much it sucked & the toll it took on me.

  14. Michael Durwin says

    I can even afford a house with a garage and a yard and I'm making six-figures. So, "alot more than I'm making now". And, I don't want to live in retirement without HD TV, what am I going to do with those extra 40 hours a week, golf? Do you know how much greens fees are?

  15. Amanda Blain says

    I tend to find  most people can have a hard time grasping the…. "i have to change all of my life situation"… ie sell the house, the cell phone, the whatever is costing you money… downsize.. and you would then be able to live on X amount…  but you now have 40 hours a week to figure out a new way to make you money… 🙂

  16. Lawrence Grodecki says

    + Amanda Blain If you really want to know, make me an offer! 😛

  17. Richard OHearn says

    ugh but the boredom!  I hope I'm still able to mountain bike when I retire…

  18. Adam Tambeau says

    About four grand a month.

  19. Christopher Vallo says

    A simple grand every week would do just fine.

    If by the time I retire I've not gotten over my delusion that more money than need will make me happy then no amount would be suffice 🙂

  20. Abdellah Fadli says

    Come live in Morocco. Life is cheaper here :p !

  21. Jake Croston says

    I never understand when people are 'bored' after retirement. I could do so many things…….
    I would give a lot for those 50 hours a week. But would never sacrifice the well being of my family for my comfort.

  22. Drew Griffin says

    Great question. Surprisingly very little when you have residual income.

  23. Amanda Blain says

    Indeed + Abdellah Fadli Life in many other countries is MUCH cheaper than the North American/uk/australia ideals….  🙂

  24. Roger Keulen says

    I just hope to have all the stuff that i need.
    – Garden with endless food with a little bit of work/hobby.
    – Reactor with heat for at least 35 years.
    – Building made from plastic`s, so i don't have to repair it.
    – A big pond for collecting and cleaning water.
    – Neighbors with a unsecure WiFi connection for communication.
    – Cloud: NaaS, SaaS, IaaS, So i never have to buy a new computer.

    – And last: J-Tube rocket stove mass heater.
    Just for fun and burning garden things…

  25. Howl Man says

    5000 a month take home

  26. Brendan Farrell says

    The problem is in trying to figure out how much things will cost when I retire. I can save half a million dollars but that may not be enough by then.

    I can live on a lot less than I am currently, and probably will when I retire

  27. Nicolé Reneé says

    sounds about right….

  28. Drew Griffin says

    I'd submit that the question to ask is "Do you have a system or method to provide a steady (residual) income that will support your current lifestyle or improve with time?"…..maybe its a 'secondary question'….but again…great question…gets you thinking!!!

  29. Howl Man says

    Im so blessed to be able to collect my pension in 10 months ill be 44 and it should be around 5-6 grand a month my plan is to move to a place where the housing prices and cost of living is cheaper so my money will go further and get another job to keep busy and have somw extra dough-Much gratitude

  30. Lawrence Grodecki says

    not that long ago the 'average' for a comfortable retirement was basically a nest egg of about $2 million, but that is based on basically everything staying the same .

    Does everyone believe everything should still the same or that it will ?

  31. Ryan Van Sickle says

    Being a musician….hopefully I'll never retire!  Money or no money!

  32. Dérian Morgan says

    more like based on my current rate of expenditure

  33. Amanda Blain says

    + Drew Griffin that is indeed the important question of "how it appears in your bank account every month"… 🙂

  34. Jeremy Kolb says

    <- Young
    At this point in my life, I wouldn't retire no matter how much you gave me. My job and my life are Rockstar awesome!

    If I had to retire, I would want at least double what I get now because I wouldn't know what to do with all the free time. 14 grand a month sounds about right 😉

  35. Michael Hodge says

    I'm out of the rat race and comfortably retired.:) but In this forever changing political environment, who knows for how long. Bob and weave.:)) Group Hug.

  36. Steven Spence says

    When the kids are grown up and hopefully standing on their own two feet, I'd like to think "all I need is a pint a day". Hopefully I'll have decent health, a good pen, a stack of paper and enough imagination left to write a good book. If not I can at least go to a library and read a stack of good books.

  37. Howl Man says

    Health is paramount

  38. Howl Man says

    Im going for a run 🙂

  39. Nick Sikora says

    no matter how much money I make I always end up spending it, I figure what the hell, you live once might as well enjoy it. 🙂

  40. Sean Steinmarc says

    How much are you offering, + Amanda Blain ?

  41. Chanel Steiner says


  42. Martyn Boath says

    Earliest age you can draw your pension in the UK is 55. I'll be drawing it then and calculate I would need a pension pot of about £400,000. That should give me a pension of about 16-18k.

  43. Keith Barrows says

    $10k/month net.  This is outside of my wife's and mine 9-5 job.  Once our personal business is stable at that level and we can bank our entire job paycheck for 6 months in a row, we will retire – keeping what we have and planning on expanding after that.  Right now we are targeting a Dec 2013 retirement date.  When we hit Jun 2013 we will re-evaluate where we are and what our dreams/goals are to make sure this is inline with the current situation.

  44. Jeremy Kolb says

    + Amanda Blain I think you might have asked the wrong crowd. looks like we're dreaming big.

  45. Naren Mangtani says

    Well my needs for retirement are everyday comforts, i.e. have bacon, beer, house and golf without worrying too much, and be able to travel a lot.

    But ideally I wouldn't want to retire until a very long time, and would prefer a consulting role, way after the standard retirement age,  where I could take projects for only a few months a year…it's for fun and also keeps the money coming in to enjoy what you want, and keeping you active. Just plain retirement sounds so dull.

  46. Melody Migas says

    I can't put a dollar amount on it but I need to. We were just talking last night about where we should settle and in what.. house, house with land, or low maintenance condo. 
    Also we own our own businesses & our son works for us. So we are taking that into consideration. Big important, scary stuff ahead :-O

  47. Drew Griffin says

    Wealth is actually defined in Time, yes?

  48. briana crabtree says

    lol amanda!!

  49. jeremy mayse says

    That would be a nice conversation over dinner with the right person…………… ?

  50. Dirk Harms-Merbitz says

    $2k/mo is possible but $20k/mo is a lot better.

  51. Geza Turi says

    £750 a months and I have thought long and hard about it 🙂 And 'm ready in mind but not financially

  52. Roberto Inetti says

    Darn it! $2000/month * 12 months * 40 years(I'm 32) = I'll never going to retire :'(

  53. Diego Ocaña Mata says

    Yo con 150.000€ ya me iba a paraguay con mi mujer a vivir tranquilo.

  54. Bearman Cartoons says

    125% of my salary.  Why more when everyone else says less.  I got less to do  in my day so I would probably fill it up with travel which costs a bunch more.

  55. Amanda Blain says

    Interesting stats everyone… but as + Drew Griffin said the question is not that your 70+ years old.. and can no longer work so 'thats all you get in money'… the question is how to make that money appear in your account so you can LIVE basically and then with your free time.. make new money…  That's how you become.. rich 🙂

  56. Richard Davies says

    retirement is my worst nightmare. Having no work to do spells, boredom and probably for me alcoholism

  57. Amanda Blain says

    Im also not sure why people associate "retirement" with boredom… if you retired today.. you are fully capable of going out and starting something that will continue to make you money… but its on your own terms.. and also probably something you enjoy doing…. instead of cubicle rat race just existing…

  58. Jon Roadley-Battin says

    the UK gov'n keeps increasing the retirement age faster than I am aging… I don't think I will ever be able to retire

  59. Sean Mcgirk says

    Once the next 4 years of "change" sets in no one will be retiring. Someone has to pay for all the entitlement aka: giveaway programs.

  60. Michael Bradley says


  61. Keith Barrows says

    Retirement, if done right, equals personal freedom.  Try opting for a 6 week travel binge without telling your boss.  Can you afford it?  Will your boss hold your job while you leave?  Will you be worrying about how much money you have each and every moment?

    Retirement, before "retirement age" means you have created a substantial net cash flow so that all of the problems on your list that can be handled by money – are – leaving you to concentrate on those 1, 2 or 3 items that money won't fix.  As long as money rules your decisions, you will NEVER work on those top 1, 2 or 3 items.

  62. Nano Uhe says

    It doesn't take a lot to live out of a backpack and travel or hike everywhere… I think $500k-$1M might actually be enough… Especially if Amanda accepts my 32x as a ring even though I misspelled her name

  63. Michael Luchini says

    Retirement sounds like the most boring thing in the world. Never

  64. Jacob Chappell says

    $2.5 Million in the bank and I am done standing still.

  65. Chris Lau says

    With money being printed infinitely everywhere in the world, having millions of dollars will be like having $10,000 today, inflation reverse-adjusted.

  66. Tracy Montgomery says

    I'd probably need about $1000 per week.

  67. Jack Fox says

    As long as I have a mouldy crust of bread in the drawer and a rag to drag over my shoulders, I won't complain. 🙂

  68. Sonja Meacham says

    Good Q:
    Who all has a job, and who all LOVES the job? How all has a family and who all LOVEs the fmly?  why is it then we spend more time at the job then with the fmly.  If I coulds show you a way to have the time and the money would you be interested?

  69. Dave Friedel says

    Depends on a variety of factors but $1200 per person if careful and occasional entertainment. But after a generation of baby boomers and people hard at work making things such as new methods to extend life or mechanisms to replace cells – we could be on the verge of redefining retirement. What is relevant for this generation could be absurd in 50 years. Live well generation X and younger 🙂

  70. Abbott Morán says


  71. Tracy Montgomery says

    I do have a job I love and dont think Ill be finishing up soon, but, when I do, Ill have more time to write so I guess that could still be considered working right?  If you love what you do you aren't working

  72. Radi Anky Juremi says


  73. Ben Xie says

    I estimate 2k USD a month to live in America. But by the time I retire, it will be 15-20k a month

  74. Clint Udy says

    I don't ever want to retire.

  75. mohosin khan says


  76. Rudi Brits says

    hehe – sounds right.

  77. Rudi Brits says

    hehe – sounds right.

  78. Miguel Rodriguez says

    I would like to think about retiring around 75 ~. I love what I do and it keeps me young. I currently bring in 36K~ in retirement and pension from another past career. My parents are in their 70s, still working and going strong, so they do set an example. I think 4-5 k a month would be OK without major debt. A car payment and possibly a small mortgage are OK. In retirement, I am looking to consult part-time. I like working, it keeps me motivated!

  79. Miguel Rodriguez says

    I would like to think about retiring around 75 ~. I love what I do and it keeps me young. I currently bring in 36K~ in retirement and pension from another past career. My parents are in their 70s, still working and going strong, so they do set an example. I think 4-5 k a month would be OK without major debt. A car payment and possibly a small mortgage are OK. In retirement, I am looking to consult part-time. I like working, it keeps me motivated!

  80. เบญจพร มญีพันธ์ says


  81. james ekaidem says

    hello nice to meet you

  82. jhon jaerry says

    hello amanda nice to meet you

  83. Luiz Fernando D' Aguiar says

    Hi Amanda ! I guess most of us, after a certain age, ask this question. In my case, there is not exactly ONE budget for a retired life. I can imagine living myself with SOME of the comforts that I have today. Watch movies in a large screen TV is definitely a must – HD preferably. A good company that could enjoy traveling everywhere with me is absolutely necessary. A car that could take me and the elected "company" to lots of places in Brazil that I still don't know and to some that I know and deserve more and more visits. St. Barth at least once every 2 years… So, I don't know what budget is that but this is certainly the basic needs that I would like to have to retire… All the best for you, Amanda – from a Brazilian thinking about retirement while I can really LIVE…

  84. Enock Tetteh Oklu says

    Hello Amanda i always like your post……………

  85. cynthia jin says

    I love lez gels

  86. L Aaron Court says

    How about "ethical freeloading" instead of "retirement"?  Barter, anyone?

  87. Elisa Tammela says

    It's fascinating how people assess their "needs", isn't it?

    There are a ton of people who look at what matters to them now and decide that you know what, I don't need such a big house (and big mortgage) and I'd prefer to give up a car than pay out a ton each month in repayments. They get rid of most of their possessions – because possessions are actually an anchor which weighs you down and costs money. Then they can afford to drop from fulltime work to two days of work per week.

    IMO, those are the smart ones.

  88. Amanda Blain says

    + Elisa Tammela … exactly 🙂 something i did years ago… and here we are.. heheeh

  89. Michael Luchini says

    + Amanda Blain  Seems like half our #life  is spent trying to find something to do with the time we have hustled through life trying to save lol

  90. Serah Misiel says

    great photos

  91. Sonja Meacham says

    6k in residual pay per month. Ask me how
    Sent on the Sprint® Now Network from my BlackBerry®

    —–Original Message-
    From: "Dave Friedel (Google+)" <****@**>
    Date: Wed, 14 Nov 2012 20:46:10
    To: <****@**>

  92. mohosin khan says

    skype  call  me  mohosinkhan200……….

  93. Justin Warnock says

    There are ways about things.

  94. John Evans says

    Good engaging post, + Amanda Blain.
    I already did that, and on about $500/month.  Living well in a beautiful but inexpensive land doing whatever I want.  If I want something expensive (air travel is about it), then I might do a project for a month.  Getting rid of the BS is the first step.

  95. james ekaidem says

    Why did u love lez gels

  96. andreza oliveira says


  97. joniah lewis says

    whos mother

  98. Alexander Soe says

    Been retired for 5+ months; did a quick math of current expenses:  about $2500/month budget.  Compare against my pension, I still have enough for at least 2 vacation trips per year, off this rock.  No change in lifestyle, i.e. eating out, same house/car/internet service, clubbing on weekends…  Not bored yet.  Plenty to keep me busy, if not on internet, then, it'd be helping friends out and volunteering whenever…
    (Oh, AAPL just gave out their 1st dividend, so new Nexus 4 for me. 😉

  99. Sonja Meacham says

    Well Alexander I suppose you are  a fortune one.  My husband and I worked for a large contruction firm for over 20 years, we purchased the large house, with the white fence, in suburbia and all that went out the window 7 years.  I am on the tail end of the baby boomers and retirement is just a statement today,and is not in everyones reach, no matter the age.  I was fortuneate enough to see a businees presentation , I was offered my own business and my goal is in 18mo to be debt free living off of residual income.  It have the drive and attitude that will put me where you are and I plan to enjoy every minute.  If you are tired of the same old rut… look me up, it is possible… only those who say it  cannot be done are the ones that doubt themeselves!!!!!!!

  100. Serah Misiel says

    interested about the comment why not come to Papua New Guinea and expend your business

  101. Sonja Meacham says

    We are only in the states now and then moving into Cnanda and Austrailia.  I wish I culd be world wide bur not yet.

  102. Serah Misiel says

    Papua New Guinea is blessed with Natural Resource check in the Internet Liquied Natural Gas (LNG)and etc

  103. Sonja Meacham says

    I'm in deregulated enery here in the states, this ground breaking here and I hope to get a great start while the market is fresh!

  104. Serah Misiel says

    Go girl thats the way to do it

  105. Roman Jaworski says

    She is right!

  106. Serah Misiel says

    Hi Roman thank for the support

  107. latif khani says


  108. Joshua Turner says

    £1000 monthly would do. although it would need to be inflation-proof.

  109. deep gagan says


  110. Roman Jaworski says

    a looooootsssss

  111. Mohsen Golkar says

    I love you hony

  112. Mohsen Golkar says

    Do you come from??????

  113. Mohsen Golkar says

    Do you come from???????

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