The number one question we get from clients and friends at Keen Wealth is, "How much money do I need to retire?" But that's not the question we help our clients answer when we're working on their financial plans. Contrary to all the late-night TV and internet ads, there's not some magic number to hit, no secret formula for combined savings, assets and investments that's going to guarantee a secure retirement.

So, on today's show, we work through our preferred version of our most common question, which is: "How much do you need to live on in retirement?" We also apply this question and our checklist-driven process to one listener's scenario for an insightful example of what having enough to live on in retirement can look like.