Why $1 Million Isn't Enough to Retire Anymore

Is $1 million really enough to retire? For years, $1 million has been treated as the magic number for retirement. But the reality is that $1 million may not be enough to support the retirement you actually want. In this first video from Income Engineered, we break down why your retirement number should be based on your income needs, lifestyle, taxes, inflation, and how your portfolio is designed to generate income—not simply a round-number savings goal. Using the traditional 4% withdrawal rule, a $1 million portfolio would provide roughly $40,000 per year—or about $3,333 per month before taxes. But what happens if you need: $50,000/year? → About $1.25 million $75,000/year? → About $1.875 million $100,000/year? → About $2.5 million And that's before considering taxes, inflation, healthcare, unexpected expenses, and the lifestyle you want to maintain. The good news? The goal isn't simply to save more money. It's to build a financial system where your assets are designed to create income and long-term wealth. That's what we'll explore on this channel. Income Engineered is about learning how to build wealth, create income, and engineer your path to financial freedom. Subscribe if you want practical strategies for building wealth, creating income, and ultimately having more control over your financial future. Build Wealth. Create Income. Engineer Financial Freedom. #RetirementPlanning #FinancialFreedom #Investing #Retirement #WealthBuilding #PassiveIncome #PersonalFinance #InvestingForRetirement