Thinking about retiring at 65 but unsure if you have enough saved? In this episode, we break down a step-by-step guide to help you calculate the minimum amount needed to retire comfortably. From estimating 70% of your current household income to evaluating Social Security benefits, we dive deep into everything you need to know to see if your savings will be sufficient.

Here’s what we cover:

1. Calculate Your Income Needs: Learn why 70% of your current income is a solid benchmark for your retirement income target—and how to calculate it.
2. Social Security Benefits: We’ll discuss how to estimate your Social Security income at 65 and factor it into your retirement planning.
3. Using an Annuity Calculator: Discover how to use our annuity calculator to project income from savings and retirement accounts, helping you make your retirement savings last.
4. Combining Income Sources: We explain how to add up Social Security and annuity income to determine if your combined resources meet your 70% income target.
5. Comparison at Age 67: Should you delay retirement? We’ll walk through the same process for age 67, giving you the tools to weigh the benefits of working an extra two years.

Tune in to find out if you’re financially prepared to retire at 65 or if waiting until 67 might be your best move for a more secure future. Perfect for anyone aiming to retire comfortably without guesswork!

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