Manage episode 469563834 series 3650479
Retirement planning isn’t one-size-fits-all, and the question of “How much money do I REALLY need?” can feel overwhelming. But don’t worry—I’ve got you covered!
In this episode of Early Retirement Roadmap, I’m diving deep into the essential factors that determine your retirement number, including:
✅ How to calculate your annual retirement spending 🔢
✅ The 25x rule (and why it’s not enough for early retirees) 📊
✅ The impact of inflation, healthcare, and lifestyle choices on your savings 💸
✅ Common mistakes that can derail your retirement 🚧
✅ Smart strategies to make your money last 35+ years ⏳
I’ll also share my personal experience retiring at 55 years old, the lessons I learned along the way, and how you can create a plan that gives you true financial freedom.
👉 Want to stress-test your retirement plan? I highly recommend Bolden (think TurboTax for retirement planning) to model different financial scenarios and see if you're really ready. Try it here: https://go.boldin.com/earlyretirementroadmap
Disclosure: This is an affiliate link, which means I may earn a small commission at no extra cost to you. It’s a simple way to support the channel and the content I create. Thank you!
✅ FREE Early Retirement Planning Checklist
Whether you're just getting started or refining your plan, this free guide will help you take the next step! Download my free 12-step early retirement planning checklist—a practical, easy-to-follow guide that walks you through everything from calculating your FIRE number to building a tax-efficient withdrawal strategy.
👉 Get your free checklist here: https://payhip.com/b/IBj3q
I created this to help others like you pursue financial independence and retire on your own terms and as a thank you to my viewers. Whether you are years away or almost ready, this checklist will help you retire smarter and sooner and is the perfect companion to everything I share on this podcast.
🔔 Don’t forget to subscribe for more tips on early retirement! If you found this episode helpful, please leave a review—it really helps the show grow!
🎥 Watch the visual version of this episode on my YouTube channel: Early Retirement Roadmap.
☕ Enjoyed this show? Support me! Buy me a cup of coffee here!
🌐 MikeUpland.com – Connect with Mike & explore retirement resources
🚀 Start planning your dream retirement today!
36 episodes