Is $1 Million Enough To Retire? | Money Unscripted™ | Fidelity Investments

A lot of us have a retirement number in our head. Maybe it's $1 million. Maybe it's less or more. But what if that number isn’t actually telling you whether you're ready to retire? On this episode of Fidelity’s personal finance podcast Money Unscripted™, we explore why retirement readiness isn't about reaching a “magic number” or single savings milestone. It's about creating a flexible plan that can support your retirement lifestyle through market changes, inflation, health care expenses, and whatever else life throws your way. Host Ally Donnelly sits down with Fidelity VP, Financial Consultant Gina Gillespie to help you figure out how much money you really need to retire, how to build a flexible retirement income plan, and ways to help improve your retirement savings outlook by making small tweaks to your overall plan. They also share how to use retirement calculators and planning tools to design and fund the retirement that’s right for you. 00:00 Welcome to Fidelity’s personal finance podcast Money Unscripted  01:08 Why one woman is changing her retirement strategy  04:25 The challenges of focusing on a single number in retirement planning  05:12 Is $1 million enough to retire?   05:45 How much money do you need to retire?   06:20 How much will you spend in retirement?   08:00 How to create a retirement income plan   08:36 How to manage the costs of health care, inflation, and longevity in retirement  10:02 What is the 4% rule for retirement?   11:20 What if you haven’t saved enough for retirement?   12:21 How to invest for retirement income and growth   13:10 How to see if you have enough for retirement   13:50 How tools like a retirement income calculator can help you plan for retirement  14:55 Final retirement planning takeaways Questions? Drop them below 👇 and we’ll reply right in the comments. Saving for retirement Tips for saving. https://www.fidelity.com/learning-cen...   5 moves to help maximize peak earning years  Build savings and manage taxes when it matters most.  https://www.fidelity.com/learning-cen...   View all episodes here: https://www.fidelity.com/learning-cen... New episodes drop bi-weekly on Tuesdays.   Have a comment or episode idea? We’d love to hear from you! Email us at moneyunscripted@fidelity.com.   Be sure to follow, like, and share Money Unscripted!   © 2025 FMR LLC. All rights reserved.      • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1277256.2.0 #Retirement #Retirementplanning, #Retirementsavings #4percentrule #Retirementincome