How Long Will My Money Last in Retirement?

In most cases, people are concerned about running out of money in retirement. 

With so many people retiring early these days, it's a legitimate concern. Money doesn't need to last longer because we're retiring at younger ages. 

According to the Centers for Disease Control (CDC), Americans' average life expectancy was born in 2017 in 78.6 years. Men's life expectancy in 2017 is 76.1. Women averaged a five-year longer life expectancy at 81.1 years. 

If you plan for a longer life expectancy, set up spending accordingly by cutting back expenses and lowering the budget, you'll have a better chance of not running out of money. 

Reduce Spending

Overspending is the #1 problem with creating wealth. If you spend more than you make, you'll never have enough money. And you'll have a bunch of consumer debt because you've financed your lifestyle. 

Reduce or Eliminate Debt

Get laser focuses on paying down or eliminating debt before you retire. It brings financial freedom like no other thing I know.