AUG 11, 2026 The 5 Step Retirement Plan for People in Their Early 50s

If you're in your early 50s, you wanna retire in your 60s. Done. Here's how it's done. I'm Tyler Gardner, a former financial advisor, portfolio manager. If any of this is helpful, check out my new podcast, Your Money Guide on the side. Link in my bio. Number one, calculate your number. That's annual spending times 20. Need 80k a year, you're aiming for 1.6 million. Number two now, multiply that number by 1.15. Why? Because the number you just came up with, one that most financial advisors tell, magic number, well, hate to tell you that, but that's pre-tax and in retirement, you don't magically get to or up to 1.84 million bucks. Number three, multiply by another 1.15. Why? Because everybody has a plan until they get punched in the face. And this is you're gonna get punched in the face. Number four now, max out your 401k. Cause if you're over 50, you get a massive catch-up bonus of 7,000 bucks a year. That 2.1 million is not as out of reach as you might have imagined. Five, finally, run a spending on it so you can cut future liabilities now. Own size of the house and redirect every point forward to your future plan.