Retirement Planning for the Average Person 7: Yes, You Can Retire

Yes, you can retire. However, it will look much different than you imagine. The days of large pensions are gone.

Most people believe they will grow their 401 (k) and live on the proceeds from selling shares, but that is also very difficult to achieve.

A more reasonable retirement plan is creating a future retirement budget, say $5,000 per month, and building passive income streams to accommodate that goal.

It can include renting a room ($1,000), consulting ($1,000), dividends ($1,000), and Social Security ($2,000).

Most people can achieve a simple, easy-to-understand goal like this. However, it will still take some effort. I believe in you. Good Luck!