Investing for Retirement — How Much Do You Need?

James Evans
20 min readApr 14, 2019
Photo by Aaron Burden on Unsplash

I have always been a relatively prudent person, much more of a saver than a spender. However, it was not until the last year that I started thinking seriously about investing for my retirement.

In planning for my own retirement I undertook significant research and I would like to share what I learnt as it may assist others who are starting their retirement planning journey. I also wanted to explore several common retirement rules of thumb including the 25x rule, the 4% rule and the 100 minus your age rule. What I will share in this article will not apply for everyone, however it will probably be applicable and useful to many people when planning for their own retirement.

Before we go any further I want to state that I am not a financial adviser and that you should always seek independent financial advice before making any decisions about investing for your retirement or otherwise. Similarly, historical inflation and stock market gains are not guarantees of future performance, so please keep this in mind as your read through this article and digest the advice that I am about to share.

Have A Retirement Conversation

We all know that talking about money can be a challenging topic. However, if you do not have an open conversation with your partner (or yourself for that matter) you will not have a solid foundation on which to plan from. The objective of this conversation is to understand when, where and with what lifestyle you would like to retire. Some good questions to discuss are:

  • When/What age would you like to retire?
  • Thoughts on part time work during retirement?
  • How much income do you want in retirement?
  • Where/Which country do you want to retire to?
  • Do you want to own your home or rent in retirement?
  • Attitudes to saving and investing? Risk tolerance level?
  • Thoughts on leaving an inheritance?
  • How long do you expect to live?
  • How do you plan to pay for future medical expenses?

Calculate Your Retirement Budget

If you have a monthly/annual budget that you track on a regular basis then you…



James Evans

Singapore based writer, snowboarder, gym goer, digital artist and aspiring racing driver