Estimated money needed for retirement

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UnderscoreEX
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Estimated money needed for retirement

Post by UnderscoreEX »

Is there a roughly accepted value needed for retirement in Japan?

I have heard numbers like $1.5-2 mil for USA (not sure if that is true or not), but it got me thinking about what that would be in Japan.
Do you know this number or do any of you have a personal estimate you work with?

Thanks in advance.
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RetireJapan
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Re: Estimated money needed for retirement

Post by RetireJapan »

The number is: enough money to meet your needs.

More detail here: https://www.retirejapan.com/blog/how-mu ... -in-japan/
English teacher and writer. RetireJapan founder. Avid reader.

eMaxis Slim Shady 8-)
captainspoke
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Re: Estimated money needed for retirement

Post by captainspoke »

RetireJapan wrote: Mon Apr 11, 2022 6:46 am The number is: enough money to meet your needs.

More detail here: https://www.retirejapan.com/blog/how-mu ... -in-japan/
I'd forgotten about that, and as for my comments there I think I'd write the same thing today (wife is also retired now).
Tkydon
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Re: Estimated money needed for retirement

Post by Tkydon »

The rough number might be 20 times your Annual Expenses at Retirement, which might be similar to your Annual Expenses now, or maybe different.

We also had a longer discussion here

viewtopic.php?t=1599
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
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