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by katydid15 on March 14th, 2007

katydid15

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How much money will I need to retire if my house is paid off and I plan to retire at 65 and live to be 100?

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  • by Anonymoose on March 15th, 2007

    Anonymoose

    That depends on what you want your yearly income to be after you retire. You would need to figure up all of your bills including utilities, medical, dental, prescription drugs, etc. and then figure in to that if you plan to travel a lot where you would like to go, what the cost will be, estimated cost of gas at the time, and other things you might plan to do after retirment. Find a good financial planner and start planning for it now. I don't know how old you are, but it is never too early to start saving for retirement.

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