How much money… do I need to retire in 2036 at 50 years old?

One second... let me rephrase that, “how much money does anybody need… in order to retire for 30-50 years in today’s day and age?" Because for a long time I think that most people in America looked at it like; 2 million dollars in retirement savings invested at a 5% annual return accrues $100,000 dollars per year, in interest alone.

And for many decades that was the, “unwritten standard,” I think, for most American retiree’s.

Yet, this type of investment would compound annually… whereby, if that 100,000$ per year or 5% return on retirement savings… wasn’t fully spent, then the following year that 100,000$ would compound which was like rocket science to these old people in 1995. But it’s truly fascinating how that works without ever touching the initial 2 million dollars in savings, almost like welfare, really. And that is to say that IF you find an investment that pays you 5% per year on your initial 2 million dollar retirement egg... then you could retire fairly comfortably for many, many years in America. However, again, without a 5% return on investment that 2 million dollars in retirement savings would actually only allow a retiree $66,000 dollars per year for 30 years, which is a modest retirement to say the least. Whereas, with a 5% return on investment that same retiree could balloon their retirement savings to something like 4.5 million dollars or more and many stocks have gone up 200-300% in the New York Stock Exchange since 1990 (20 or 30x more than 5% per year), particularly tech stocks.

And these numbers are of the utmost importance within America if you're hoping to retire.

But with that being said, I think that most Americans today are aware that deficit spending threatens the future of their Social Security retirement plans and that it’s important to keep in mind… rising costs and inflation are also raising the cost of living. Although, I should also mention that most people don’t save 2 million dollars for retirement anymore, either. And in fact, a majority of retirees in America today receive over 700 billion dollars in Social Security benefits per year and often that’s how modern retirement is handled today. But in last month’s article I outlined those statistics; (To read last months article - click here). Nevertheless, all this means is that elders WITHOUT any retirement savings at all are currently receiving an average of $1,180 per month, in the form of Social Security retirement. However, these statistics vary depending upon the amount of taxes that each individual paid during his or her 1970's... careers.

And Jim Cramer, a 30 year veteran working on Wall Street, a person managing these massive corporate retirement funds blatantly said; “You’ve got to adopt a Henry Ford attitude here, which is never explain, never complain. You keep your mouth shut during this period. You never complain. Keep your mouth shut during this period. Speak softly and wait t’ill the level when the shorts have oversold the stock. That inspires more fear, I don’t want to create fear.”

But is that rhetoric about YOUR RETIREMENT and YOUR SOCIAL SECURITY PLANS not down right terrifying? And furthermore, this philosophy represents a major generational gap between older and younger Americans... many of whom are now witnessing their corporate retirement savings balloon from 2 million dollars to 30-40m dollars and they are opting to simply, "not talk about it."

Whereby, Jim Cramer is one of the smartest and most respected minds on Wall Street and he’s losing faith in the markets ability to handle those massive retirement figures, hence why he's telling people to, "be quiet!"

So, when do we as young people complain? When is it time to say something and how much do I ACTUALLY need to retire today?

Because long story short, eventually somebody has to talk about it…

-William Larsen, Civilians News, “News For All Views!”