This question may be the toughest to answer. You need to figure out if your resources are enough to let you live the retirement you want. They can't do it without reducing their lifestyle. Many folks assume they can convert their assets to fixed-income investments and exclusively live off the interest payments. This strategy may not allow you to keep up with inflation, De Stefano said.
People are semi-retired.
They retire and then they go back to work. Now, let's throw in some market conditions. Inflation will cause your cost of living to double every 18 years. You will need to increase your monthly allotment to account for inflation. There are two factors to consider in answering this question.