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.

 

[Suba]

Each person will determine a different amount of retirement funds mainly depending on their monthly expenses, but on average in my country people need a minimum retirement fund of around $1,350 per year.

 

[Stardom22]

For me when l get like $50000 is more than enough for me to go retire. Because that money is more than enough to start my dream business and still live financial freedom life.

 

[Xtynehappy]

This actually depends on the type of the person in question. For instance everyone has their own understanding of the term rich

 

[Starmix]

It depends on your contributing to your work place because there is a deduction monthly allotted for the pension of every employee.

 

[Stardom22]

For me l can say that l am not that extravagant but l can be very comfortable at $1m for the retirement. Anything more than is very welcoming for sure.

 

[kit_hung]

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.

Retirement is a big step and everyone has different needs. Those in government often get large benefits such as initial payments that can reach millions. This gives them the opportunity to start a new life without financial pressure. But in the private sector, things are a little more difficult, especially if their contributions were not large.

Some decide to increase their premiums so that they can receive a larger amount when they retire. It is not easy but it is a way to ensure future security. The key is to plan ahead and know what you want after work. Don't wait until the last minute to start worrying.

 

[Augusta]

I do t think you can put a specific amount to this. The thing is that no amount can be specific for this