10: Retirement Planning Is Hard

Is retirement planning hard? Is it too complicated to do yourself? George G breaks down what’s required and how to put numbers behind your goals! Here are the numbers George references: So, if someone saves $15,000 a year for 30 years at an 8% rate of return, they would have approximately $1,621,159.30. So, if someone saves $20,000 a year for 30 years at an 8% rate of return, they would have approximately $2,161,545.74. So, if someone saves $25,000 a year for 30 years at an 8% rate of return, they would have approximately $2,701,816.85. So, 8% of $1,621,159.30 is approximately $129,692.74.So, 8% of $2,161,545.74 is approximately $172,923.66.So, 8% of $2,701,816.85 is approximately $216,145.35. So, if someone saves $15,000 a year for 30 years at an 8% rate of return, they would have approximately $1,621,159So, if someone saves $15,000 a year for 25 years at an 8% rate of return, they would have approximately $1,399,967So, if someone saves $15,000 a year for 20 years at an 8% rate of return, they would have approximately $1,057,443 So, if someone saves $15,000 a year for 15 years at an 8% rate of return, they would have approximately $622,065 So, if someone saves $15,000 a year for 10 years at an 8% rate of return, they would have approximately $217,277 8% of $1,621,159 is approximately $129,732.728% of $1,399,967 is approximately $111,997.368% of $1,057,443 is approximately $84,595.448% of $622,065 is approximately $49,765.20.8% of $217,277 is approximately $17,382.16. Did you get anything out of this episode? Do us a solid and leave a review:https://ratethispodcast.com/alignedmoneyshow Learn more and engage at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, YouTube and Facebook. Buy George G a coffee (he loves coffee)https://www.buymeacoffee.com/lifebloodHave George G speakhttps://moneyalignmentacademy.com/speaking/ Financial literacy and wellness for individuals, families, and companieshttps://moneyalignmentacademy.com/ Find George G’s books herehttps://amzn.to/3R2gIhH The Aligned Money Show is the podcast for Money Alignment Academy, copyright 2024.