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Going by the inflation, it is very difficult to predict the exact amount. It will be best to have a good amount of savings. You can use up to 4% of your savings each year. Additionally, if you will be getting so pension, add it up too. Sometimes old people get grants from the government upon retirement. All these 3 things will make up your earnings. Make a list of your expenses and subtract the amount from your earning. If you get a positive result, there is nothing to worry. However, if your expenses exceed your earnings, you should make some hard choices to cut the former down.

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Q: How much money do i need to retire on?
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