From Yahoo Finance: 2025-05-17 12:01:00

Not everyone can afford a financial advisor, making it tough to gauge retirement savings. ChatGPT offers basic info to start, like estimating annual expenses and factoring in inflation. The AI suggests aiming for $1.2-1.3 million in savings, accounting for health costs. For early retirement in 10 years, monthly savings of $4,000-$6,000 may be needed, invest wisely for growth. While generic advice lays a groundwork, personal details like age, income, and expenses are crucial. For specific plans, ChatGPT recommends maxing out retirement contributions, tracking spending, and building a bridge fund. Overall, it’s possible to retire early with consistent saving and investing.



Read more at Yahoo Finance: I Asked ChatGPT How Much Money I’ll Need To Retire in 10 Years: Here’s What It Said