How Much Money Do You Need To Retire?

My wife and I are homeless.

That doesn’t mean we live under bridges or dig food out of garbage bins. Instead, for the past four years, we’ve been traveling the world. I’m writing this from our camper van, beside a lake in Guatemala.

We plan to drive it to the tip of Argentina, before shipping it to Europe to continue our travels. It’s one of our retirement dreams.

Some of you might be thinking, “That sounds great!” Others might be squirming, thinking we’ve lost our marbles.

That’s what makes retirement planning so darn interesting.

Nobody can say what you should be doing or how much money you’ll need.

I know retirees who live well on shoestrings in low-cost countries. Others are flush with cash. They have plenty of money, and they enjoy spending a small fortune every year.

That’s why personal finance is so…well…personal.

Image © Andrew Hallam

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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