Post by @shelbwright

take whatever you want to withdraw per year in retirement and multiply it by 25. that's how much you actually need saved. want $100k a year, you need $2.5 million. want $200k, you need $5 million. most people pick a retirement number out of thin air without ever doing this calculation and that's exactly why so many people retire underprepared #investing #PersonalFinance #moneytips #wealthbuilding #retirementplanning