How Much Does the Average Single American Need for Retirement?

No one has done a video on Single Americans retirement financial planning needs. Thank you so much!!

I rewatched this. I think your numbers are more realistic than a lot of the gloom and projections that think you need $1,000,000 to retire.

Thank you for doing a video on Single folks retirement planning! I rarely see any planners focus on single people, who have different needs than couples. As a single person myself trying to plan for retirement, this was much appreciated! 🌟

Finally someone who doesn’t tell me I need a million dollars to retire! Based on your examples, I’m ahead of the curve.

I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this

Thanks for thinking of us single folks! Not everyone is part of a couple. This video was very informative!

Thank you sir! Well done

I’ve been looking for this information for a long time, and you produced it. Thank you! I’m feeling great about my retirement plan.

Thank you for the video.

I had to really search to find a video that covers this. Thank you! Please consider doing more videos geared toward the average person. There are virtually NO videos out that that help those below the median....the working class and low middle class....to help us figure out how to make retirement a reality. Any and all help is appreciated by an underserved demographic.

Thanks very much!

Thank you! So many programs are geared towards couples. Much appreciated!

Good info

I like your numbers. I am 56, single!, no kids, own my home and can start earning a $60,000/ year pension with $500K in investments. Sounds like I am in good shape.

Yes. Thank you for taking the time to demonstrate retiring from a single person’s situation.

Thank you for actually computing numbers.

This video was great. All videos I have watched until now were for married couples not individuals. Thank you very much for putting this information out, was very helpful.

This was spot on!

This was a good General overview thank you for taking the time to pull this together. I appreciate the concept of getting started with a back-of-the-envelope analysis this is usually a good way to start roughing out the major points however I feel there is an elephant in the living room (actually a few)....that were not underscored and need to be part of the initial discussion..... So with the direction things are headed it is almost certain that we will see on- going tax increases of the kind we are not used to in order to begin paying back the stimulus money that has already been paid out and of course the new bills under approval and the impact from those taxes. In addition government will no doubt charge more for services and cut how much you get for any given Dollar in the services provided. For example yes Medicare is available at age 65 but it comes at a cost and you pay on a sliding scale... with the money taken directly out of your Social Security check or out-of-pocket if you have not pulled the Social Security trigger yet. Medicare will increase next year which will offset the COLA increases to Social Security this year, this is the traditional government squeezing of the balloon.... or some may refer to it as cutting off one end of the blanket and sewing it on the other. Your investment portfolios also have a ticking tax time bomb associated as well which many unprepared retirees get hit in the head with when they reach age 70-72+ RMDs.... few people will be 100% Roth IRA for example to allow you tax free withdrawls, but even to go Roth you must pay taxes now. Nuff said... planning for runaway inflation, medical care costs and tax impact has to be a part of your back-of-the-envelope analysis STAT. Regardless, I commend you for starting the effort because that's what it's all about--everybody needs to start noodling out the numbers now.... the sooner the better. Thanks again.

Living in Northern NJ as a single person without altering lifestyle I estimate 2 million in net worth needed, retiring at 69. No joke. Taxes and insurances are very high. It’s never enough.