How much money do you need in your country to retire?

[riberet19]

In my country, I think you need about half a million dollars to retire, this of course depends on the age at which you want to retire, but I think that if you retire at 60 years old and have that amount of assets you will be able to live decently.

 

[eLdavis]

I am not sure though, I think I would rather go for having something that would constantly be generating money for me on a daily or weekly basis.

 

[Starmix]

I am not so sure as how much a retiree needs. But those who will retire from the government offices are assured of million pesos for a cash advance. For the private you small. They double their premiums to have million retirement money.

 

[King Belieal]

A retiree should have at least a million personal funds with his or her retirement ACCOUNT. Remember that they might not fill the var

 

[Starmix]

In my country, those who never worked, never have a pension. They also did not bother themselves to save while they were still young and had the energy to produce money and save. The government only subsidized them with a peanut amount, only $ 50 a month.

 

[freelancermaria]

In our country, it takes millions to get by, especially with the recent hikes in the prices of essential goods. I hope I can save enough before hitting 60, or I might find myself on the streets. LOL

 

[Starmix]

In our country, it takes millions to get by, especially with the recent hikes in the prices of essential goods. I hope I can save enough before hitting 60, or I might find myself on the streets. LOL

That is right, Filipinos need millions during retirement for a lifetime financial sustenance but only a very few can acquire millions during retirement only the government employees. I am happy that I am working in a government owned university.

 

[AruneBend]

Not sure how much because prices can go up and down but a lot of money so much that I don't think I would be able to save

 

[riberet19]

Very different in each country, I believe that reaching retirement with enough money is not easy, but it depends solely on us to achieve that objective.

 

[mrki444]

We don't have money limit. It is only about age or number of work years. Current law say 65 years for man and 63 years for womens as age limit for retire.

 

[Springtime]

I think that depends on when you retire and your lifestyle after retirement. Usually, for a retired person, s(he) needs about at least $3,000 a month to live a relatively comfort life.

 

[Stardom22]

For me l only need like $10,000 for my retirement. I believe that this money is more than enough for my expenses and investments for that matter.

 

[Nomad]

If you have your own house, or if you retire in country side, you can retire with comparatively lower amount.