An Easy Way to Find How Much You Will Spend in Retirement

One simple math equation can help you determine where to start building your retirement income plan, and whether your money should last.

A man counts $100 bills.
(Image credit: Getty Images)

How do you know when you can retire? The answer seems simple: When you have enough income coming from your investments and other sources to sustain your lifestyle.

The problem for many retirees and those who are starting to think about retirement is they don’t have a firm handle on how much money they spend each year. Not knowing that number or planning for it can be the difference between someone having a great retirement and someone running out of money.

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Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and Bella Advisors are independent of each other. Patrick Mueller and/or Bella Advisors are not affiliated with or endorsed by the Social Security Administration or any other government agency.


The appearances in Kiplinger were obtained through a PR program. The columnist received assistance from a public relations firm in preparing this piece for submission to Kiplinger was not compensated in any way.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Patrick Mueller, Investment Adviser Representative, RFC
President, Bella Advisors

Patrick Mueller, president of Bella Advisors, is a licensed investment adviser representative, an RFC (registered financial consultant) and co-author of "Dare to Succeed." He has passed the Series 65 securities exam and is a licensed insurance agent in Georgia, Alabama and Florida.