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Tag: retirement needs

How to calculate retirement income needs based on current expenses

To calculate retirement income needs, start by assessing your current monthly expenses. Multiply this by 12 for annual expenses, then adjust for inflation and lifestyle changes. Aim for 70-80% of this figure as your retirement income target.

How to Estimate Your Retirement Income Needs

To estimate your retirement income needs, start by calculating your current expenses, factor in inflation, and consider future lifestyle changes. Aim to replace 70-80% of your pre-retirement income for a comfortable transition.