Personal Finance
The Rule of 300: How Much You Need for Retirement
By The Fifth Person  •  July 3, 2015
There are countless models you can use to calculate the amount of money you need to retire comfortably in your golden years. But if you’ve ever been overwhelmed by the many different methods out there and the complex calculations used, not to worry because there’s one quick and simple way to estimate how you need for retirement: the rule of 300. Simple take the average amount you spend every month and multiply by 300. That’s it! So if your average monthly household expenditure is $5,000, then you need $1.5 million to retire (5,000 x 300) and that amount should last you for the next 25 years. So if you retire at 65, your retirement fund will last you till 90 — which is a pretty nice time to go.

How Does the Rule of 300 Work?

As finance blog, Johnny Moneyseed, pointed out, the rule of 300 is ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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