58 With $700k – How Much Income Can You Generate In Retirement?

If you are thinking about retiring soon or already in retirement, this video is for you. In this video we walk through a couple in their late 50s looking to retire in the next several years. Top of mind is the question of “How much income can our $700k portfolio generate in retirement”?

More than answering their question, we dive into how to calculate and identify your income sources in retirement and how your portfolio allocation impacts your retirement income.

If you are approaching retirement here are the 6 key things that you should be focused on:

1. What are your Retirement Goals (short-term and long-term)
2. Identify your income and income sources
3. Identify your expenses
4. Create a investment strategy aligned with your goals
5. Create a withdrawal strategy aligned with your goals, income, and expenses
6. Create a tax plan for retirement

Watch this video as an illustration on how you should be thinking about your own income in retirement. And, similar to in the video, get started with your own plan by using the link below.👇

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⏱️ Timestamps:
00:00 – 58 With $700k – How Much Income Can You Generate In Retirement?
01:05 – Portfolio Overview
01:28 – Retirement Goals (How They Impact Your Plan)
01:47 – Initial Retirement Analysis
02:05 – Retirement Income 1) Portfolio Income, 2) Social Security Benefit, 3) Other Income (Pension, Passive-Income, etc.)
02:54 – How Your Portfolio Income Impacts Your Retirement Income (Conservative vs Moderate vs Growth)
03:21 – Conservative Portfolio Overview
03:46 – Moderate Portfolio Overview
04:09 – Growth Portfolio Overview
04:24 – Retirement Expenses
04:56 – Income Sources & Gap
05:03 – What’s An Income Gap?
05:40 – Withdrawal Order Strategy (What Is The Traditional Withdrawal Order?)
06:10 – Hypothetical Retirement Allocation And Income Walk-Through
06:30 – What’s Your Income Gap Between Your Portfolio And Your Expenses?
06:43 – Other Income In Retirement
07:17 – Social Security In Retirement
08:26 – Analyze Your Cash Inflows And Outflows
11:00 – Portfolio Ending Assets Review
12:09 – What’s Your Retirement Withdrawal Rate?
12:19 – Summary & Thank You

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