How Much Money Does a Doctor Need to Retire Story

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How much money does a doctor need to retire and enjoy a typical “doctor retirement”? Short answer: It depends.

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Better answer: The number will vary from person to person depending on a wide variety of circumstances, but that shouldn’t stop us from coming up with an estimate for you.

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Truthfully, the number doesn’t actually vary based on profession alone. A doctor has no inherently different retirement needs than anyone else.

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At the same time, it’s hard not to notice the fact that most doctors and other high-income individuals tend to spend more money than the average person, and thus will need more money to retire.

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The variables that actually matter include current lifestyle, which influences your desired or anticipated spending in retirement, anticipated length of retirement, time to retirement, risk tolerance, ability or willingness to earn income in the future, and passive income streams including pensions and social security.

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Will You need $10 Million to Retire? A number I’ve seen several times, including in this forum thread at the Student Doctor Network and another on the White Coat Investor Forum is $10 Million. I once had the $10 Million Dream myself.

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Read The Full Article By Clicking Below....there's so much more.

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How Much Money Does a Doctor Need to Retire Story

How much money does a doctor need to retire and enjoy a typical “doctor retirement”? Short answer: It depends.

Better answer: The number will vary from person to person depending on a wide variety of circumstances, but that shouldn’t stop us from coming up with an estimate for you.

Truthfully, the number doesn’t actually vary based on profession alone. A doctor has no inherently different retirement needs than anyone else.

At the same time, it’s hard not to notice the fact that most doctors and other high-income individuals tend to spend more money than the average person, and thus will need more money to retire.

Will You need $10 Million to Retire? A number I’ve seen several times, including in this forum thread at the Student Doctor Network and another on the White Coat Investor Forum is $10 Million. I once had the $10 Million Dream myself.

Read The Full Article By Clicking Below....there's so much more.

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