Ask Terry Questions Enough money for retirement?

Enough money for retirement?

By Terry Savage on November 21, 2017 | Financial Planning / Retirement

I plan to retire in the next 3-4 years and do not have as much in my 401K plan as I liked. I would like to have an annual income of about 75-80K per year. I plan to draw about 5500/month from my pension before taxes, Any advice ?

Terry Says

Go to and use their "ballpark estimator tool" to get a realistic picture of what amount you need to invest to generate that kind of income for your likely lifetime.  In fact, first go to to figure out how long that lifetime might be!



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