“How much do I need to retire on?” The answer to this frequently asked question is not a simple one, because it depends on a number of factors, the two most important being your age and your monthly expenditure. However, one can arrive at a rough estimate using a few basic assumptions. Unfortunately, in today’s unpredictable world, these assumptions cannot be taken for granted, but they’re relatively conservative, so at least you have an idea of what to aim for.
Let’s look at two scenarios.
