NewsUnlocking Retirement Success: Understanding Critical Math

Unlocking Retirement Success: Understanding Critical Math

If you have yet to begin the retirement planning process, today is a great day to start.

Written by Jasper Smith

Now, the question you might be thinking about is whether you can live “comfortably” with that dollar amount. There are three possible answers:

80% is a good number, and I should be able to live comfortably.
80% is too low because I may need more than that to live comfortably.
80% is too high, and I should be able to live comfortably and on less.

There is no right or wrong answer. The key is determining what kind of lifestyle you want to live in retirement. Your earnings will improve throughout life and your career, so the target may keep moving.
Next is 219. The rule of 219 is not widely discussed, but it helps answer one critical question. How much will it cost you to eat in retirement? The rule assumes the following:

You and a spouse/partner/significant other retire at age 65 (two people)
You both eat three meals/day at five dollars/meal.
You do this for (20) years.
There are 365 days in a year.

RELATED CONTENT: Hardship Withdrawals From Retirement Funds Have Tripled In The Last Five Years

Credit: Gregory Collins (
Jasper Smith is the founder of The #BuildWealth Movement®. He’s worked in the financial services industry for over 15 years and holds a life insurance license, multiple securities licenses, and the Certified Retirement Counselor (CRC®) designation. 

Source: Black Enterprise

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