Everyone aspires to retire one day, hopefully sooner than later. Retirement represents a phase where we no longer have to work for money, but instead have extended time to pursue personal interests, deepening relationships or simply to enjoy the fruits of decades of labour. However, one of the most pressing questions many individuals face as they approach retirement is: “How much do I need to retire comfortably?” This article highlights two key aspects: estimating monthly expenses during retirement and outlining approaches to generate the required retirement income. Monthly Expenses of a Retiree  The first step in determining how much you need to retire is understanding your expected monthly expenses. Retirement spending differs from pre-retirement spending, as certain costs—such as work-related expenses—may decrease, while others, like healthcare costs, may increase. Key Categories of Monthly Expenses  Estimating Monthly Spending  To create a realistic budget, begin by analysing your current expenses and reflecting on how these might change during retirement....