I was thinking about retirement income recently, especially after reading a click bait post from a magical blog. I felt cheated because I was baited into it, so that set me thinking. It's not the same topic however, but certainly in the same general area of personal finance.


To get a retirement income, we have to settle a few variables. Once those variables are thought of, we can perhaps (roughly) solve this question of getting the monthly retirement income. The factors are:


1. When are you going to retire?

2. How much income do you need when you retire?

3. What is your life's expectancy?


Your solution to this question is going to be as good as your inputs and hence your assumptions involved. We might not be able to know all the answers to the 3 questions exactly, but a rough idea is better than none.




Let's apply it ......