Do you really need $1 million—or more—to retire comfortably? In this episode of Winning Retirement, Greg and Kristen break down a recent Investopedia study estimating that the average American couple needs $1.16 million for retirement and explain why there's no universal retirement number.

They discuss the limitations of the 4% withdrawal rule, why market timing can make or break a retirement plan, and how unexpected expenses like healthcare, home repairs, and vehicle replacements can quickly change your financial picture. You'll also learn why focusing on your retirement income gap—instead of an arbitrary savings goal—can provide greater confidence and long-term financial security.

Whether you're approaching retirement or already retired, this episode explains how personalized income planning, liquidity for life's surprises, and strategies for long-term growth can help create a more resilient retirement plan.

Topics covered:

• Do you really need $1 million to retire?
• Why the 4% withdrawal rule isn't one-size-fits-all
• How market volatility affects retirement income
• Planning for unexpected retirement expenses
• The importance of guaranteed income and liquidity
• Why retirement planning should be based on your lifestyle—not national averages

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