Many people wonder: How much money do I need to retire? The fact is, your retirement is affected by your financial state. Realize that perception plays a part in what is perceived as financial success. This varies from one individual to the next.
It’s especially important to understand this as retirement approaches, but this process actually starts long before you retire. It all depends on the kind of lifestyle you hope for.
Normally in the US, people attempt to raise their lifestyles to keep pace with their income levels rising, but this can be be out of touch with the reality of one’s financial future.