Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How Much Do You Need To Retire

23 Apr 2024 · 1 min

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Your freedom number is when work becomes optional. Your retirement number is higher, calculated by multiplying your freedom number. Someone spending $1,000 monthly might need $6,000 to $7,000 in income before actually retiring.

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so you can figure out what your freedom number is, but that's not when you retire. An example, Christian, you said, you know, you spend less than $7,000, but you wouldn't retire if you were making $7,000. I spend around $4,000 a month. I would— I passed $4,000, wouldn't retire. So that's the first number is what's your freedom number? This is when work becomes optional and you might be able to take a different job without having to worry about how much you're making. The actual retire number for me is a multiplier of your freedom number. The smaller your freedom number is, the bigger the multiplier. So if you only need $1,000 a month to, to live, I wouldn't want to retire until you were making $6,000 or $7,000 a month.