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.
Based on a 4% safe withdrawal rate, the median retireeâs non-Social Security/pension income is $8,420 per year. Supposedly, according to SAFEMAX (and SAFEMIN), assets are designed to cover 50% of your expenses; therefore, the average retiree is spending $16,840 per year. That seems quite low to me.