Want to retire at 50? It's possible with smart planning! It means having enough money to live comfortably without working. This requires careful saving and understanding your spending.
- Figure out how much money you spend each year.
- Aim to save enough to cover 80% of your current income in retirement.
- Consider future costs like healthcare and inflation (prices going up).
- Use retirement calculators and talk to a financial advisor for help.
| Thing to Consider | Details |
|---|---|
| Retirement Savings Goal | 25-30 times your yearly spending |
| Important Accounts | 401(k), IRA, Roth IRA (ask a grown-up about these!) |
| Big Costs | Healthcare and inflation |
