The right number depends on your lifestyle, expected longevity, and income sources — but a commonly cited starting point is 25 to 30 times your anticipated annual expenses. For single retirees, a more conservative target of 28 to 30 times may be appropriate since you won’t have a second income to fall back on during market downturns or unexpected expenses. At $50,000 in annual spending, that means targeting roughly $1.4 million to $1.5 million before factoring in Social Security or other income sources. A Mercer Advisors wealth advisor can help you build a more precise projection.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
