If I retire, how will I know when it's the weekend?

Chapter 4. Can You Afford to Retire?

Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

— Benjamin Franklin

 

Can you afford to retire?  

It may sound like a fairly simple question, but it’s actually a pretty difficult question to answer.

Don’t worry; either way it is one I will help you answer. The answer depends on a number of factors.

What type of retirement do you envision for yourself? 
What will your expenses be? 
How much money have you saved? 
What are your pension options? 
What assets do you have? How much is enough? 
How can you make sure you don’t outlast your money?

Running out of money in old age is a real fear, and it’s one that many people share with you.