How much money does it take to retire and live just average?

Answer 1

Hmm depends on your expenses, even if they are minimal still every person would have a different figure as the answer can't be specific. just calculate your monthly expense and multiply it by 12 and then multiply the answer with how many years you think you will live (quite difficult actually) and then you can get a rough estimate.

Answer 2

Here is how you figure out a monthly retirement plan (per Dave Ramsey, Financial Peace University)
Step One:
Annual Income (today) you wish to retire on $ ( )
divide by .08
(Nest egg needed) equals: $ ( )

Step Two:
To achieve that nest egg you will save at 12% netting 8% after inflation so we will target that nest egg using 8%,
( ) X ( )= ( )
Nest Egg Needed X Factor = Monthly Savings Needed

8% Factors (select the one that matches your age)
Age Years to Save Factor
25 40 .000286
30 35 .000436
35 30 .000671
40 25 .001051
45 20 .001698
50 15 .002890
55 10 .005466
60 05 .013610

Answer 3

Not much if you got a husband give you money to go shopping.