How much money do you need to retire at age 50?

The next step is to calculate how much you would need at age 50 to be able to retire. A good starting point is using the 4% rule. Many retirees have relied on this rule to help determine how much they should spend in retirement. While this rule isn’t perfect, it is a good starting point to find a baseline number.

How much money do you need for retirement?

Meade offers the following financial goalposts: To spend $50,000 a year, you will need $1.25 million at retirement. To spend $75,000 a year, you will need $1.875 million at retirement. To spend $100,000 a year, you will need $2.5 million at retirement.

What is a good retirement age?

Retirement age: Enter the age you plan to retire. Age 67 is considered full retirement age (when you get your full Social Security benefits) for people born in 1960 or later. Life expectancy: This is how long you expect to live. You’ll want your retirement savings and income to last throughout your life, so it's a good idea to aim high here.