40% of Americans are at risk of going broke in retirement.
1 in 3 Americans has less than $5,000 saved for retirement.
76% of Americans don’t feel prepared for retirement.
Most frequent questions and answers
This will be entirely unique to your personal financial situation. A good rule of thumb is to retire once your monthly investment income, social security benefits, and other income streams are larger than your monthly expenses. Read this article for more information.
The 4% rule states that you can safely withdraw 4% of your investment portfolio value each year, without ever running out of money. Read this article for more information.
Early retirement has risen in popularity in recent years due to the FIRE (Financial Independence and Early Retirement) movement. It is not uncommon to see people in their 30’s saying “bye” to their workplace. Check out this section for more information.
Asset allocation will be a function of your own unique risk tolerance. Some individuals may be heavier suited towards equities, while others may need “safer” investments. Talk to a financial planner before making any investment decision.
There is really only two ways to “catch up” if you are already behind on retirement planning. First, you will have to invest more money, and secondly, you will need to increase your rate of return. It is always best to start saving early, but there is hope for anyone feeling behind.