{"id":55371,"date":"2025-07-10T23:42:15","date_gmt":"2025-07-10T23:42:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/55371\/"},"modified":"2025-07-10T23:42:15","modified_gmt":"2025-07-10T23:42:15","slug":"how-much-should-you-have-saved-for-retirement-if-you-live-to-100","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/55371\/","title":{"rendered":"How Much Should You Have Saved for Retirement If You Live To 100"},"content":{"rendered":"\n

Planning for retirement<\/a> requires an effective strategy that covers everything, including inflation, long-term healthcare, vacations, debt, the uncertainty of Social Security, taxes, the unexpected and living expenses. What makes it even more challenging is people are now outliving their savings because life expectancy is longer.<\/p>\n

Trending Now: 4 Retirement Expenses Boomers Didn\u2019t Plan for \u2014 but Should Have<\/a><\/strong><\/p>\n

For You: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck<\/a><\/strong><\/p>\n

According to a new survey from Allianz Life<\/a>, 64% of Americans, mostly Gen Xers, worry more about not having enough money to cover their lifetime than they worry about dying. While many fear about running out of money in retirement, only 23% have addressed this concern with a professional financial advisor, per the survey.<\/p>\n

\u201cIf we knew the date we were no longer walking the Earth, we could plan to have enough money to last so the last check you write in this world goes to the Undertaker,\u201d said Eric Mangold, certified wealth strategist (CWS) and founder of Argosy Wealth Management<\/a>.<\/p>\n

To accordingly plan for your golden years, here\u2019s how much you should have saved<\/a> if you lived to 100 per Mangold.<\/p>\n

There\u2019s many approaches to saving for retirement<\/a>, but one method Mangold stands by is saving 15% of your income.<\/p>\n

\u201cI don\u2019t focus a number and how much to have ready for retirement but one should be saving at least 15% of their income every year towards their retirement,\u201d he said.<\/p>\n

Mangold explained the 15% of income strategy should determine how much guaranteed income is going to come in through revenue like pensions, Social Security and annuities.<\/p>\n

\u201cHow much of your retirement expenses will that cover?\u201d he asked. \u201cIf there is a shortfall there, then we can turn to investments to make up the difference.\u201d<\/p>\n

Learn More: The New Retirement Problem Boomers Are Facing<\/a><\/strong><\/p>\n

The average lifespan in the U.S. is now 78.4 years, per the National Center for Health Statistics,
<\/a>however, the amount of Americans living past that age is growing<\/a>.<\/p>\n

\u201cWith people living longer<\/a>, we have to plan for what may be a 30 or even 40 year retirement \u2014 that means the income must keep coming in,\u201d Mangold explained. \u201cI use that term income on purpose because it\u2019s not about how much you have saved, it\u2019s how much income will it produce for you and for how long.\u201d<\/p>\n

According to Mangold, many retirees don\u2019t have an asset problem, but they do have an income problem.<\/p>\n

\u201cIt\u2019s imperative that people employ a strategy that puts income in their pocket each month, regardless of how long they live, regardless of what the market does, where inflation is, what geopolitical events are going on, etc.,\u201d he said.<\/p>\n

The 4% rule is a popular recommendation for retirement but it isn\u2019t always the best approach<\/a>. The guideline states you can withdraw 4% of your total investments<\/a> each year, but Mangold said to ensure adjustments for inflation so you won\u2019t run out of money after more than 30 years of retirement.<\/p>\n

With that in mind, the strategy has been recalculated and isn\u2019t foolproof.\u00a0 A Morningstar<\/a> report states one could employ the 4% rule and have a 90% chance of not running out of money is 3.7%, which are not good odds for Mangold.<\/p>\n

\u201cIf you were going to get on a plane, and there was a 90% chance you would land safely, would you still fly?\u201d he asked. \u201cThe 4% rule may be lower in order to account for unplanned market events.\u201d<\/p>\n

There\u2019s many paths to retirement, but working with a trusted financial professional to navigate the challenges and coming up with a projection and income analysis \u201ccan be a prudent move so you know exactly how much money you will need on day one of your retirement, as well as potentially year 40 of your retirement,\u201d said Mangold.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: How Much Should You Have Saved for Retirement If You Live To 100<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Planning for retirement requires an effective strategy that covers everything, including inflation, long-term healthcare, vacations, debt, the uncertainty…\n","protected":false},"author":3,"featured_media":55372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,40774,40775,255,700,711,67,132,68],"class_list":{"0":"post-55371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-eric-mangold","10":"tag-guaranteed-income","11":"tag-personal-finance","12":"tag-retirement","13":"tag-social-security","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114831592286967982","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/55371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=55371"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/55371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/55372"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=55371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=55371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=55371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}