An internet search for “how much money do I need or retire” will yield a result of $1 million to about $10 million dollars. Instead of depending on the vague internet-given possibilities, different factors can be used to determine how much you need. A general concept to follow is to live off 4% of your retirement savings each year. Also, be sure to consider what kind of lifestyle you want to live. Saving early is a tip that is beneficial to anyone, no matter how much you want or need to save, and looking into your debts and when they will be paid off is also a factor.