In this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson & Linwood Fraher of Martin Wealth Solutions revisit one of the biggest benchmarks in retirement planning — the idea that you need $1 million to retire. They break down why the “million-dollar rule” isn’t a one-size-fits-all target, exploring how lifestyle, inflation, taxes, and healthcare costs can make that number very different for each person. Sam and Linwood discuss how income planning, withdrawal rates, and investment mix matter more than chasing an arbitrary total. The conversation brings clarity to what your real retirement number should look like — and how to build a plan that supports your goals, not someone else’s. http://retirewithmartin.com/ ← Learn about working with uswww.planwellretirehappy.com Episode Breakdown 00:00 – Introduction: Rethinking the “$1 Million” goal02:14 – Where the million-dollar retirement idea came from04:03 – Why the number doesn’t work for everyone06:12 – Inflation, taxes, and spending — the real variables08:20 – How to calculate your personal retirement number10:18 – Income planning vs. total savings focus12:24 – Case examples: different lifestyles, different needs15:06 – How inflation impacts long-term purchasing power17:11 – Building flexibility into your retirement plan19:18 – Final thoughts and key takeaways Disclaimer Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.