# Your income summary

Based on your 10 year dream life, the lifestyle you want to have in retirement, and the income growth scenario that you just selected, here's a summary of the income you need to have at various times in your life so that you don't run out of money.
Note: In case you’re looking for the answer to the question: "But how much money do I need to have to retire?
Normally when people talk about retirement and how much you need for retirement, you’ll hear a lot about the 25X rule, or the 4% Safe Withdrawal Rate (SWR). The 4% SWR is the maximum rate at which you can spend your retirement savings, such that you don’t run out in your lifetime - basically you take your annual retirement spending and multiply it by 25 to get how much money you need to retire, at the most. To read more, goes into a lot more detail. However ☝️, this number is an oversimplification, because of a number of things:
It assumes you retire after age 59 1/2. If you retire before 59 1/2, then you will take big penalties from the amount you withdraw (
) from your retirement account, so if we assume your money is locked up in your retirement accounts until the age of 59 1/2, you could actually run out of money after you retire, but before you’re able to access the funds in your retirement account.
It doesn’t properly take into account large expenses like sending kids to college or home mortgage, because it assumes a static, non-changing annual expense rate. It simply takes your annual retirement spending and multiplies it by 25, but if you have kids that will go to college after you retire, or you have a mortgage that will get paid off a few years into retirement, then taking a simple annual retirement spending amount makes no sense.

In 10 years, when you will be
48
years old:
Annual, monthly, and daily cash flow you need to achieve your dreams and live your ideal lifestyle. These numbers include the
2%
annual inflation rate, so these are the actual numbers you would need to hit in 10 years.
Target Annual Income (TAI):
$256,589.80 (+11.56% from today) Target Monthly Income (TMI):$21,382.48
Target Daily Income (TDI):
$702.99 When you retire, when you will be 59 years old: Annual, monthly, and daily cash flow you need to achieve your dreams and live your ideal lifestyle. These numbers include the 2% annual inflation rate, so these are the actual numbers you would need to hit when you retire. Target Annual Income (TAI):$303,702.89
(+32.04% from today)
Target Monthly Income (TMI):
$25,308.57 Target Daily Income (TDI):$832.06

👉 Sound scary? Let’s figure out how to get you there:
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