• Question
  • how much do we need for retirement

    Asked by a 59 year old man from Santa Rosa, CA on 3/28/2019

    I'm 59 my wife 57 would like to retire at 65 or 66.
    we have 401k combined 1,100,000 and home value of 500,000

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  • Categories: Retirement Planning, How Much Do I Need?

Answers

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  • The $1.1M is certainly a great start towards a comfortable retirement, but retirement readiness is a combination of a few different variables. Some other important pieces of information included your annual budget, and any other sources of income (i.e., social security, pensions, etc.). Given more information, I could better determine the longevity of your assets.

  • Login to rate this answer:   Answered on 4/1/2019
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.