The amount of money one needs for retirement is based on one’s lifestyle needs. This is what makes planning for retirement such a nuanced endeavor.
The truth is that each individual has different values, and enjoys different aspects of life. Think about finding a purpose in your retirement, and this will help you determine your income needs. Some folks enjoy traveling the world, others would like to leave a legacy for their children and grandchildren. Others aim to continue their life’s work as long as they can, or volunteer for their dearest cause