Do I have enough savings for a secure retirement?

This couple set sail for retirement

This couple set sail for retirement

My husband and I are retired, but aren’t sure whether we have enough in savings to see us through retirement. Is there a specific amount we should have? How can we tell how much is enough? –Diane

I think you need to frame this issue a little differently. The amount you should have is pretty much a moot point right now as you’ve already retired. So the more pertinent question is how much can you withdraw from your nest egg each year to cover your retirement living expenses and still have a reasonable level of assurance that you won’t deplete your savings too soon?

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