How much guaranteed annual income will you have in retirement?
Guaranteed means income that cannot be affected by
♦ stock market changes
♦ your company’s retirement plan income
♦ possibility of the plan’s mis-management
Is your retirement savings 25 times larger than your expected annual withdrawal?
For most budgets this amount exceeds a million dollars and depending on your lifestyle, travel, hobbies, supporting other family members and emergencies this amount could be several million dollars.