How Much Do You Need?

to date only 33% of american adults have tried to figure out how much money they will need to retire. in 2001 they projected that in 2005 only 5% of those who turned 65 will have enough money to last them throughout retirement. of the remaining 95%, 54% will have to continue to work and the other 41% will be broke and living off of what little social security the receive. it is my company's crusade to combat these statistics and help families achieve financial independence. to figure out how much money you need to retire go to the website below.

http://www.banksite.com/calc/retire

there are five fields to input information into. here is a brief description of what to put in each field.

Annual income required (today's dollars) - this is what you think you could live off of if you were to retire today with minimal debt.

Number of years until retirement - subtract your current age from the age you want to retire.

Number of years required after retirement - assume you will live to age 87, better to be safe than sorry.

Annual inflation - 4 is a good number to put here.

Annual yield on balance (%) (fixed rate) - 10 is a good conservative number.

after you click calculate you will be taken to a page with a rather large number, but don't fear the number. this is your financial independence number (FIN). if you want to learn how to reach your FIN you know where to find me. on a scale from 1 to 10 how would you rate your desire to be financially independent?