The years are passing by, and it’s time to supercharge your savings. How To Know When You’re Financially Independent.5 Steps To Take Within 5 Years Of Retirement.Run at least three retirement calculators ( including this one from NewRetirement).Estimate retirement spending levels, and income sources.Begin thinking about your retirement lifestyle.Focus on the lifestyle, you have a few years before you need to get into the more serious details. The lifestyle you choose will determine how much income you need, and the income requirement will dictate the date on which you’re able to retire. Take the time to dream about what you want your lifestyle in retirement to be. What’s important is to begin thinking about your retirement. A lot of things will change between now and retirement. With 5 years to go, it’s not critical to get all of your retirement details exactly right. If you’re not doing so already, start tracking your net worth. Start playing around with retirement calculators, and begin dreaming about what your life will be after retirement. It’s time to run the numbers, and begin to estimate your spending needs and your retirement income sources. It seems like it’s still a long way off, but you’ll be surprised how quickly the time will fly. I trust the information will be valuable to you. My intent is to give you the tools to go as “deep” as you need to as you work through the checklist items. To assist in your retirement planning, I’ve included relevant posts in each section below. I’ve written numerous posts on the items contained in this checklist. The Ultimate Pre-Retirement Checklist to keep you on track as you build your plans for retirement. I’ve found my checklist to be quite helpful, and it’s my hope that this post will be of use to you as you plan for your retirement. It includes too many personal and tactical items to be included here, but it was my basis for this post. The checklist was laid out chronologically, and I’ve continued to maintain that spreadsheet as I’ve crept ever closer to my June 2018 retirement date. The Ultimate Pre-Retirement Checklistģ Years ago, I started a Google spreadsheet with a checklist of things I wanted to sort out before my retirement. Regardless of where you are in your journey, I hope this checklist helps you Achieve A Great Retirement. In addition, I’ve added links in each time period for relevant articles I’ve written.I’ve also created this infographic, which summarizes this checklist into an easy to read graphic. In it, I lay out a complete checklist, starting 5 years out from retirement. If you’re within 5 years of retirement, this “Ultimate Pre-Retirement Checklist” post is for you.
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