Financial guru Dave Ramsey recently got a call from a 30-year-old who thinks he can retire with a $6 million portfolio. While a large portfolio gives him a better chance of retiring early, Ramsey steered him away from that decision. "You can't quit on that," he said to the 30-year-old. Ramsey then outlined why the 30-year-old shouldn't retire yet and what he can do instead. Don't Miss: $6 Million Is Not Enough Ramsey believes that a $6 million portfolio is not enough for a 30-year-old to retire. While ...

There’s a major gap between how much Americans they’ll need for retirement and how much they’ve actually saved. According to the Northwestern Mutual 2025 Planning & Progress Study, for example, Americans say they’ll need $1.26 million to retire comfortably. But Kiplinger said the median net worth at age 65 in America is just about $400,000. Discover More: Here’s How Much You Need To Retire With a $100K Lifestyle Read Next: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Yet, while this gap ...

Planning retirement feels overwhelming, so I asked ChatGPT to create a complete roadmap. The AI delivered a surprisingly thorough plan covering everything from savings targets to healthcare costs. Find Out: I Asked ChatGPT When I Could Retire — I Couldn’t Believe the Answer Read Next: 4 Affordable Car Brands You Won't Regret Buying in 2025 I make $7,000 monthly with $4,000 in expenses, leaving $3,000 to allocate. ChatGPT used those numbers to build out a full retirement strategy spanning decades. The 3 P ...