Saved Enough for Retirement? Well, That Depends
People frequently ask me how much money they'll need to retire, as if there's a one-size-fits-all dollar amount.
They tell me $1 million is the number they hear most often, but sometimes it's $2 million or more.
I tell them they're asking the wrong question.
Instead of starting with how much they should have saved for retirement, I want to know how much they expect to spend.
After all, if you have $1 million in your nest egg and you need $5,000 a month to cover your expenses, that's a lot different than if you need $10,000 every month.
The problem
