Your home for direct purchases of all Liberty Bags, Alpine Fleece, Fortress, Hardware, Hall of Fame, and Carmel Towel products.
So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement. For each subsequent year, we increase your income need by 2.3% to keep up with inflation.
The fact that you started retirement at age 62 will have no bearing on income limits at age 66. If you were born between 1943 and 1954, you will reach full retirement age atâ¦ 66. Special income rules are applied for this year: You can earn $37,680 from the beginning of the year until your birth month.