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Instead of feeling free, relaxed, and fulfilled, you feel depressed, aimless, and isolated. You may grieve the loss of your old life, feel stressed about how youre going to fill your days, or worried about the toll that being at home all day is taking on your relationship with your spouse or partner.
What Is the Average Retirement Income? The average monthly retirement income adjusted for inflation in 2023 is $4,381.25, ing to a 2022 U.S. Census Bureau report. The average annual income for adults 65 and older in 2023 is $75,254 or $83,085 when adjusted for inflation.
Retirement: The Final Frontier. Pre-Retirement: Planning Time. The Big Day: Smiles, Handshakes, and Farewells. Honeymoon Phase: Im Free! Disenchantment: So This Is It? Reorientation: Building a New Identity. Routine: Moving On. The Bottom Line.
You can certainly retire comfortably at age 65 on a $1.5 million, but your ability to do so relies on how you want to live in retirement, how much you plan to spend, when you plan to claim Social Security and how your portfolio is structured.
The journey through the 5 stages of retirement Stage 1: Pre-retirement. Stage 2: The honeymoon phase. Stage 3: Disenchantment. Stage 4: Re-orientation and finding yourself. Stage 5: Stability.
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Recognising the signs that indicate youre ready to retire is crucial for a successful transition. A sense of fulfilment, reduced motivation, a longing for freedom, readiness for change, and a strong support system are all important indicators that youre all set for the next step.
Using the 4% retirement rule as a starting point, if you want $200,000 per year in retirement by age 65, you will need $5 million saved up. 60% of billionaires are self-made starting their businesses in high-growth industries.
The disenchantment phase usually happens because retirees have grown tired of the vacation-like quality of retirement and are missing the sense of purpose they had within their careers or previous lifestyle.

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