Know when you can retire based on your unique details and personal finances. When your net worth surpasses the amount you need to retire, we consider that the time you can retire.
What does the Net Worth Forecast (green line) represent?
A forecast of your Net Worth.
To see how it's calculated, visit here
What does the $ Needed to Retire (pink line) represent?
It represents the amount of money you need to retire. As you age, you'll need less which is why it trends lower year by year
The $ Needed to Retire line is generated by this formula below:
$ Needed to Retire = Years left to live x Annual Expenses + Inheritance
Key assumptions:
We assume life expectancy to be 85 years old (CDC cites 77 years life expectancy)
We assume your spending habits remain the same after retirement