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Morning!!

My man Todd Tresidder, aka The Financial Mentor, just released the 2nd edition of his popular book, "How Much Money Do I Need to Retire?", and his publicist was kind enough to pass me a few copies to give out today…

If you've ever wondered this before (of course you have!), or want to see how it compares to *your* calculations and see if anything needs to be tweaked, answer the question down below and you'll be automatically entered to win.

HINT: The answer is not a flat $3,000,000 which seems to be the latest "number" circulating around from "experts"!! If it was that simple (or attainable) we wouldn't have a need for any of these books or blogs helping people out in our community! There's a lot more than just a random number thrown out that determines the fate of your future, haha… And maybe Todd's book can help you nail it down more?

More on the book, and Mr. Tresidder, here:

"How Much Money Do I Need to Retire?
Uncommon Financial Planning Wisdom for a Stress-Free Retirement"

how much need to retire book

From the press release:

Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money.

How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning.

In this book, you'll learn:

Why the best way to describe most retirement estimates is garbage-in/garbage-out

The five critical assumptions that can destroy your financial security

How to reduce the amount you need to retire by as much as $600,000

Three strategies to maximize spending today while protecting for the future

How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius

Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy.

More from Amazon here: How Much Money Do I Need to Retire?: Uncommon Financial Planning Wisdom for a Stress-Free Retirement

And then more about Todd here: Todd R. Tresidder's financial writing has been featured in the Wall Street Journal, Smart Money Magazine, Investor's Business Daily, Yahoo Finance, Bankrate.com, and more. He is a former hedge fund manager who "retired" at age 35 to become a financial consumer advocate and money coach. In his spare time he's an outdoor recreational enthusiast with varied interests from backpacking and adventure travel to endurance running and cycling. He writes 9 months out of the year from his home in Reno, Nevada while his kids are in school and plays the rest of the year. You can learn more about Todd at FinancialMentor.com.

[His site btw is pretty killer too… Especially if you're analytical and enjoy longer, more in-depth reads. He almost died a couple of years ago in a bad biking accident and came back even stronger and more passionate about this stuff than before! Haha… Super smart and nice guy :) Even though he's still pretty pissed he paid off his house instead of investing the $$$… (a fun little guest post he did here years ago)]

Sound like a book you want?

Answer this question down below in the comments or via email, and you'll be automatically entered to win… We have THREE copies to give out so don't be shy!

What's your best guess at YOUR "number" so far? If you haven't calculated it yet, what's holding you back?

We'll keep the giveaway open until the end of the weekend (midnight @ Sunday, 2/16/20), and you have to have a U.S. address to win. Good luck!

Here's my "number" at the moment, based on the 4% rule and adjusted a little to include some padding. Also assumes my mortgage will be paid off by then and we won't be having a million more kids (or dogs).

$1,800,000

Over half way there so far! Not that I'll truly "retire" at all, but it would be nice to work on stuff without thinking about money :) That's true freedom to me.

Your turn!

*** UPDATE *** Giveaway now over! Congrats to Scott M , Becca , and Mitch M for winning!

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PS: Here's a spreadsheet I use if you want to run some quick and dirty numbers on this stuff: Early Retirement Spreadsheet. Feel free to steal it, and then use Todd's book to refine it!

*Links to book above are Amazon affiliate links

Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!