I'm going to give you two scenarios, two different people, and I want you to ask yourself which person resonates more with you.

I promise this is going to help you determine what your ideal retirement should look like.

So here's person one.

Now these two people, they are both clients of root, and I'm just changing their names for security purposes.

So here's person one. John. John is

50 years old. John doesn't love what he does. He would really love to be done sooner than later.

He has a million dollars. Once again, age 50. He wants to be done. He though recognizes he wants to

make sure he can at least spend what would

make him excited in retirement, which he has identified as $80,000 per year. That's after taxes

adjusted for inflation. Now, John, he doesn't want to do part-time work. He would rather grind

it out and then just be done. So John

has decided he's 50, he's got a million dollars, his salary is $150,000 per year. So John has

decided he's going to grind it out for five more years. Doesn't love what he does, but he goes,

hey, this is what I'd rather do than have to work any longer.

So at 55, he wants to be done entirely with work for the rest of his life, and he has no children and he has no partner.

So he wants to spend $80,000 per year working from $50 to $55 if he does that. And he saves $50,000 per year working from 50 to 55. If he does that, and he saves $50,000 per year from his

$150,000 salary, that for five years would mean he's saving a $250,000 total amount, but he already has

a million dollars. I'm assuming a super conservative growth rate of 6%,

which would put him at about $1.62 million at age 55 when he would be retired. Assuming a 5%

withdrawal rate, he's at about $80,000 per year. So that's scenario number one. That's a John.

Nothing wrong with that. Just that's the

logic. That's the math right there. Now, I'm going to go through example number two, but if you

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