Thinking about retiring? Make sure you’ve reached these 6 must-hit milestones before you take the leap

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Most radical walk countless hours readying their status earlier the large time yet arrives. After all, it usually takes a beingness of redeeming to confidently exit the workforce and participate your aureate years.

But the rising outgo of surviving and ongoing affordability crunch are making status readying much difficult. According to a 2025 Annual status survey conducted by Allianz Life, 64% of Americans are much disquieted astir moving retired of wealth during status than the are astir decease (1).

But intentional and focused readying tin assistance you shingle disconnected these fears.

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As idiosyncratic concern commentator Dave Ramsey puts it, “A status program takes a big, sometimes hard-to-imagine goal, and breaks it down into small, manageable steps you tin instrumentality present (and support taking) until you scope that big-picture extremity (2).”

With that successful mind, present are six milestones you should purpose to deed to consciousness much assured successful your status plan.

One of the biggest concerns for retirees is having capable wealth to past without a paycheck.

Financial advisors often mention the "rule of 25," which says that you tin discontinue comfortably if your assets are worthy astatine slightest 25 times your yearly expenses. However, this regularisation of thumb doesn’t relationship for changes successful yearly spending oregon the magnitude of income your assets volition realistically make each twelvemonth successful retirement.

Working with a fiscal advisor tin beryllium highly beneficial — they tin assistance you make a personalized program based connected your finances and set it arsenic your needs change, adjacent successful retirement.

More than 90% of affluent Americans enactment with fiscal advisors and study precocious restitution with the guidance they receive, according to a Bank of America survey (3). However, you don’t person to beryllium ultra-wealthy to instrumentality vantage of nonrecreational guidance.

A trusted, pre-screened fiscal advisor tin assistance you make a coagulated status strategy and support your wealthiness astatine immoderate level.

Advisor.com tin rapidly lucifer you with an advisor who tin usher you done your options. The platform’s advisors are fiduciaries, meaning they are legally obligated to enactment successful your champion interest.