< Back to blog
October 25, 2022

Retirement Calculator: How much money do I need to retire?

If you're close to retirement, you may be wondering how much money you need to have saved.Or maybe you're within 5 years of retirement and want to get a head start on planning. Either way, Retirement Calculator: How much money do I need to Retire? is the perfect book for you!

If you're close to retirement, you may be wondering how much money you need to have saved. Or maybe you're within 5 years of retirement and want to get a head start on planning. Either way, Retirement Calculator: How much money do I need to Retire? is the perfect book for you! This comprehensive guide walks you through everything you need to know to make the best decisions for your retirement. We'll help you plan for Social Security, Medicare, cash flow, asset allocation, and retirement withdrawal strategies. We'll also look at different retirement scenarios and figure out how much money you need and what steps to take next. So don't wait any longer – pick up a copy of our new book Retirement Calculator: How much money do I need to retire? today!

5 Star Review on Amazon:

I highly recommend for DIY

"For several years I have listened to Jason's podcasts (Sound Retirement Planning) and used the Retirement Budget Calculator. Both are excellent! "Retirement Calculator" is a super easy-to-follow book with a wealth of practical information on Financial Planning. I am a Certified Financial Planner (CFP), and I wholeheartedly recommend this book." - Gordon

When it comes to retirement planning, you should consider …

• How much money do I need to retire?

• What will my monthly expenses be?

• What impact will inflation have on my spending?

• How long will my retirement savings need to last?

• How will I invest in retirement?

• Why is asset allocation so important?

• When should I start Social Security?

• How does Medicare work?

• What are retirement withdrawal strategies?

• What is a bucket strategy?

• What is my net worth and how do I compare?

This book is a valuable resource but is intended to complement the online tools found at RetirementBudgetCalculator.com. This book aims to help you answer some of the most often-asked questions and fill in the gaps that the calculator does not currently compute.

The Retirement Budget Calculator is designed for the do-it-yourself crowd and is a powerful online tool that can help you plan your retirement, and help you know if you have enough money to last throughout your retirement years.

If you are a recent retiree or within 5 years of retirement, I highly recommend this book and the Retirement Budget Calculator to help you navigate your transition.

5 Star Review on Amazon:

Quick and easy reference for retirement readiness

"If you are looking for straightforward information about retirement readiness, this is a good place to start. This book is a quick read but provides a fairly comprehensive and balanced overview of financial planning considerations before and after retirement. Reading the book from cover to cover takes only a few hours. However, Jason cites many good references that are readily available on the internet, so those interested in the gory details can get those. The author believes that the foundation of a retirement plan is coming up with a budget or cash-flow model and the book is a good companion for the retirement calculator software that he developed. Topics like asset allocation and withdrawal strategies are discussed without making any definitive recommendations, but this is what you might expect considering that personal considerations will vary. Jason gives you information that will help you make your decision. If you read this and feel that you need more help, there is a good discussion about the benefits of a financial advisor and what you should look for if you decide to go that route." - John A.

More posts

The Retirement Budget Calculator vs. Dave Ramsey's Retirement Calculator: A Superior Way to Plan for Retirement
October 16, 2024
The Retirement Budget Calculator vs. Dave Ramsey's Retirement Calculator: A Superior Way to Plan for Retirement

Choosing the right retirement planning tool is essential. The Retirement Budget Calculator (RBC) offers a highly customizable and accurate approach, with features like detailed budgeting, inflation adjustments, and AI assistance, making it ideal for those seeking in-depth planning within the next five years. In contrast, Dave Ramsey's Retirement Calculator focuses on helping users determine how much they need to save for retirement, offering a straightforward, simple approach. Your choice depends on your retirement planning needs and your comfort level with financial details.

Exploring the Bucket Strategy: A Balanced Approach to Retirement Planning
October 4, 2024
Exploring the Bucket Strategy: A Balanced Approach to Retirement Planning

Recent research has demonstrated the potential advantages of using a bucket strategy for retirement withdrawals. This approach divides funds into time-segmented "buckets" with distinct asset allocations, each regularly rebalanced to maintain its intended strategy. When compared to a traditional 60/40 portfolio, which is also rebalanced annually, the bucket strategy showed significantly better outcomes over a 30-year period. The findings suggest that incorporating both time-segmented investing and regular rebalancing can lead to more effective retirement planning.