What I Showed a 66-Year-Old Who Thought She'd Never Retire

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Pam is 66 and worried she may never be able to retire. She has just over $200,000 saved for retirement, still owes money on her home, and wants to maintain a lifestyle that includes spending time with her dogs in competitive events and hunting.

When we run the numbers, her initial retirement target is intimidating: roughly $750,000.

But that number doesn’t tell the whole story...

By the end of the call, Pam has a realistic path toward a retirement she feared was impossible.

Topics covered:
- Planning how much you’ll need in retirement
- The “retirement smile” - spending changes as you age
- Variables we can adjust to improve retirement outlook
- How a tool like ProjectionLab can help

⏩ CHAPTERS
(00:00) Intro
(01:32) How much will she need to spend in retirement?
(03:56) Planning for long-term care
(04:34) Understanding the “retirement smile”
(07:23) How much income will Pam need?
(08:17) Social Security and other retirement income
(11:36) Finding her retirement income shortfall
(12:08) Inflation, withdrawal rates, and investment returns
(14:57) The scary number: $750,000
(15:50) What variables can we change?
(18:36) Can Pam actually retire?
(20:23) Using ProjectionLab to model different scenarios
(21:46) Pam’s reaction to the plan


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My Website: https://mappedoutmoney.com/
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