how much money do you need to never work again?

The amount of money you need to never work again varies depending on several factors such as your lifestyle, spending habits, and desired level of comfort.

To determine the amount of money you need to never work again, you’ll need to calculate your expected expenses and plan for long-term savings and investments. This may include estimating costs for housing, food, transportation, healthcare, and other expenses.

As a general rule, financial advisors recommend saving enough to cover at least 25-30 times your annual expenses to retire comfortably. Some individuals may need more, while others may need less, depending on their circumstances.

It’s important to keep in mind that inflation and unexpected expenses can impact the amount of money you need. Therefore, it’s essential to have a solid financial plan and regularly review and adjust it as needed.

Leave a Comment