This Article is About
goal posts
vicious circle
saving money
amount of money
wal mart
pasture
inflation
principle
retirement
lifestyle
I Need To Know How Much Savings I Need To Retire
Join 1000's of Authors at StreetArticles Today!

Retirement does not look good when you have to ask how much savings to retire. When you are trying to build a retirement by saving money it is possible but very difficult because it is a matter of how much to curtail today's lifestyle to grow tomorrow's.

How do I calculate how much savings to retire?

To see how much money you need to put away to get a given amount of income, take the interest yield your investment will conservatively produce and divide that figure into the amount of money you need to have paid to you annually. Here is how you do it: if your investment will produce an APY of 3% and you need $20,000, the equation is 20000/.03 = 666,666.67. If your APY will be 5%, you will need only $400,000. At that rate and amount, you will get that income. You need to calculate for more money than you will need because there is inflation/devaluation of money involved. This means the goal posts will keep moving. Times of high inflation will make you draw from your principle, which will cause your income to drop and more principle draw - a vicious circle.

How do I get past the question?

In the first place, more people rust out than wear out. It is natural to want to do something to feel connected and needed by others. If you don’t have real plans for retirement, putting yourself out to pasture may feel good for a while but it can kill you early. Don’t do that.

The real question is not how much savings to retire, but how to make sure there is enough income to live on and better, to live well if possible. Too many people find themselves needing to apply to be greeters at Wal-Mart or some similar position somewhere. Again, it is about keeping money coming in.

You know a lot and have a lot of valuable experience to share

The world is full of people without your experience. People could use your knowledge. Your generation is the one that made all this stuff today’s kids are enjoying. You can share that knowledge and experience by writing on the Internet. You can turn it into money that can be used for retirement or supplementation to your current income until it actually surpasses any job you might have, as long as you put in the work. Make no mistake, there is a lot of work involved, but it is a bit like being Johnny Appleseed and being able to live off every tree you plant. They may not produce immediately, but after a while you have way more apples than you can eat or give away.

How do I do this?

You find a business within an area of your interest and you market this business’ products or services. You write articles that link back to a web page you set up that in turn sends potential customers to that merchant so they can get what they were seeking to buy. When they buy, the merchant pays you a commission. What goes on the Internet stays on the Internet, so if you have written a quality article that gets people viewing it, that article can actually rise in importance to the search engines and continue to produce for a long time.

How will this replace the matter of how much savings to retire?

It is all about money after all. You will be helping businesses that want to market on the Internet connect with customers and they are more than happy to pay you commissions of from 5% up to 75% for e-books. If you are like me, you will need to learn from the ground up how to do this, but it doesn’t cost you anything for that. It will cost a little money to do it right, but you don’t have to pay a franchise fee or pay money for a guaranteed income. This is not a guaranteed income because you might quit or you might just not get it, so keep your investment reasonable until you catch the vision, but I think when you do you will be more than gratified by this means of replacing a poor retirement with an exciting, easy career. You will no longer need to ask how much savings to retire.


Street Talk

No comments present
You May Also Like
Setting Goals the Smart Way!
Setting goals for yourself is an important way of achieving what you need to. You may have been told to set goals many times but what is the best way to do this? How do you effectively go about ? The process can vary greatly according to what you are…
By: RyanK in  Business  >  Career Advice   Apr 14, 2013  
1
  Likes: 0

To Get Back With Your Ex
To succeed in getting back your ex is actually not always the best solution. Although it feels so right now you have to ask yourself one important question. Should you try to get back your ex or not? I can guess that your answer is YES at the moment as…
By: Alica Patrick in  Relationships  >  Reconnecting   Aug 15, 2011  
0
  Likes: 0

Stress, the Vicious Circle And How to Stop Spinning Your Wheels
Researchers have long debated about stress, including whether good stress exists at all. A recent study has concluded that what is typically deemed "good" stress is better classified as a challenge, one that the body can meet and adapt to or conquer rather than one that influences overall behavior. Also…
By: amie nogrady in  Health and Fitness  >  Mental Health   Nov 17, 2011  
0
  Likes: 0

How to Make Him Want You Back – 4 Must - know Tips to Remember
Wondering “how to make him want you back?” Many women are full of doubt when trying to get their men back, they vacillate between one method and another not knowing which one will work best for them. They have no idea where to start, what to say and do, and…
By: carthage in  Relationships  >  Conflict   May 21, 2013  
0
  Likes: 3

A Workaholic Could Be A Person In Need Of Help
What lies behind the working addiction of a workaholic? We could easily say that is not money, because most workaholics keep on working when they are earning enough money to live very well, so there should be another powerful reason for them to keep doing their work until very late…
By: Eddie J. Molina in  Health and Fitness  >  Depression   Jan 13, 2012  
0
  Likes: 1

Team Building! Important?
The development of the team idea can be followed back to the late 1920s and mid-1930s. These included a progression of examination exercises intended to inspect inside and out what happened to a gathering of laborers under different conditions. After much investigation, the specialists concurred that the most huge variable…
By: Shaista Kiran in  Business  >  Entrepreneurialism   Jun 02, 2016  
0
  Likes: 0

Looking for A Perfect Match
Like looking for a perfect match, shopping for diamond could be tedious and stressful if it’s your first time or if you don’t have much knowledge about it. Who would really settle for something of less value? Even the people we choose to be with, if it does not complement…
By: Mike Nekta in  Business  >  Entrepreneurialism   Jun 01, 2016  
0
  Likes: 0

Life Of A Jeweler
Passion... Commitment... Integrity... common words yet requires so much devotion. A pledge you would hear from a jeweler to himself. It is a typical stigma of people seeing someone with so much elegance as someone who has an “easy life”. A usual mistake you would think from someone who is…
By: Mike Nekta in  Business  >  Entrepreneurialism   May 30, 2016  
0
  Likes: 1

Creating A Unique Children’s Roller Disco Huddersfield
When you make up your mind to host Children's roller disco Huddersfield, you will have to start with the preparations so that you give the best to your kids. Children love to grab fun and enjoyment through parties. Therefore, if you get the opportunity to host parties and entertain children,…
By: watsonjerry in  Business  >  Entrepreneurialism   May 19, 2016  
0
  Likes: 0

Choose the Best Floor Cover With Floor Covering Services Bradford
If you have invested a lot of money in making your house a palace, then you should choose a decorative floor covering that will add to the look of your home. Many floor covering services Bradford companies are there that will help you to pick the best floor covering for…
By: jfab7 in  Business  >  Entrepreneurialism   May 11, 2016  
0
  Likes: 0

Wood Flooring Little Elm Tx: 3 Hot Trends In Hardwood Flooring
Replacing your old carpet, tile, or laminate with new wood flooring Little Elm TX is a smart investment, but selecting the style and color can become overwhelming. Fortunately, understanding some of the hottest trends in hardwood flooring can help make your decision a little easier. If you are considering adding…
By: Stephen E. Barnes in  Business  >  Entrepreneurialism   Apr 19, 2016  
0
  Likes: 0

Commercial Wine Cellars Dallas Tx: How To Sell More Wine
Whether you own a restaurant that serves wine or you own a wine shop or high-end liquor store, selling more wine is your main goal and the best way to do that is by installing one or more commercial wine rooms or commercial wine cellars Dallas TX. There are two…
By: Lawrence J. Dozier in  Business  >  Entrepreneurialism   Apr 18, 2016  
0
  Likes: 0

Joint Pain Frisco Tx: Medical Treatments And Home Remedies
If you need to manage joint pain Frisco TX, you have several choices. They include surgery, prescription medication, injections, physical therapy and topical ointments. Many types of medical problems cause joint pain for middle-age or senior Americans. Bursitis, osteoarthritis, strains due to injuries and rheumatoid arthritis are just a few…
By: Paul Parker in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Web Design By Nanosoft Web Develop Company
We, as a well known brand in Sri Lanka web designing arena, undertake all type of functions related to web design and development and utilize the latest technology in offering creative, high quality professionally looked web pages for the clients in worldwide. Our main business concern is designing websites for…
By: web design1 in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Best Wine Cellars In Fort Worth Tx: Unconventional Wine Storage Spaces
The best wine cellars in Fort Worth TX aren’t always cellars. Sometimes the best wine cellars are wine rooms and wine cabinets that are installed almost anywhere in a home where there’s enough square footage to accommodate them. Of course, the romanticized version of a wine cellar is the one…
By: Lawrence J. Dozier in  Business  >  Entrepreneurialism   Apr 13, 2016  
0
  Likes: 0

Article Views: 2784    Report this Article