How Much Is Safe to Spend in Retirement?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 13 March 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

⁠💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠⁠⁠ Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro:⁠ ⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠⁠⁠) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠⁠⁠) Listen to more from Ramsey Network: 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by SmartVestor.
0:07.8	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.5	We've got Scott, who's in Houston, Texas on the line.
0:17.7	Hey, what's up, Scott?
0:18.8	Hey, Jaden, George.
0:19.7	How you doing today?
0:20.5	Thank you so much for taking my call.
0:22.3	You bet. How can we help today?
0:24.2	Well, I think I have a good situation, but I need some guidance as to how to do this.
0:29.6	I retired last February. I had to because of my profession.
0:34.9	And I followed Dave's plan now for close to 20 years. So I've done fairly well.
0:42.4	Basically, my nest egg is just about $3.3 million. And I've been a saver all my life. So I'm trying
0:50.7	to figure out how much I can spend and when I can spend it.
0:56.9	All right.
0:57.4	Well, how old are you?
0:58.8	I'm 65.
1:00.0	65.
1:01.3	And what are you doing right now?
1:03.8	I mean, how are you drawing income right now?
1:06.8	I'm basically drawing the income out of my, out of my 401k that I've had forever. And I've, I've thought about
1:14.9	going back to work on a limited basis. I have a few small health issues that I'm working through
1:20.4	that are kind of keeping me from working at this point anyway, just because of having to
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.