★ How to Figure Out Your Retirement Number

"This is commonly referred to as the 4% Rule or the Safe Withdrawal Rate (SWR). In other words, build a portfolio of 25x your target annual spend and you’ll be able to keep a constant standard of living throughout your retirement. If your target annual spend is $40,000, then your retirement number is $1 million. Want to spend $80,000 per year? Your number is $2 million."

-------- Photo Credit: Chris Potter