How Do You Know When You Have Enough to Retire?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 9 January 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.5	It's got to Kansas City, Missouri and talk to K-I-M.
0:18.0	What's up, Kim?
0:19.7	Hi, how are you?
0:20.9	Doing remarkable. How about you? Good.M. What's up, Kim? Hi, how are you? Doing remarkable. How about you?
0:22.9	Good.
0:23.7	Good. What's up?
0:24.9	We are trying to figure out when we can retire.
0:28.1	I'm 42. My husband's 45, and we feel as though we have a decent number in the bank,
0:34.0	but when we do the calculations, it just doesn't seem like enough. And so how do you
0:40.1	know when enough is enough? That's a great. Great question. Great question. Well, the ideal would be to
0:47.9	be able to do the calculations and say, okay, ideally if we could retire around age, I don't know,
0:54.1	you can pick your age.
0:55.0	62. How much would be in the investments? How much do we need to live off of at that point in life?
0:59.8	Would we have paid off mortgage? Would we really essentially have no debt, no bills? Would we still
1:04.8	have a mortgage? What do we want to do in retirement? How much we want to travel, right? And you
1:09.0	kind of figure out your lifestyle and would you be able to live off of without touching the nest egg is the goal
1:15.0	off of basically the interest that it's going to create. So, I mean, there's, yeah, a lot of different
1:21.3	ways you can. Yeah, a lot of different ways you can slice it. But I think the big question is,
1:26.0	are you guys trying to retire early or are you just
1:29.5	like, no, we're just looking at normal retirement age, but we're, we feel like there's not enough.
	...

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