Ep 39: How Long Will a Million Dollars Last?

Could you retire off a million dollars? Yahoo! released a survey about how long that much money would last in different cities around the country. Let’s discuss the statistics and explain the process for determining how much money you’ll need for retirement.

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The Game Plan

People like to look at a million dollars as the magic number for retirement, but the truth is seven figures won’t even last you 10 years in certain areas of the country.

So how much will you need to be prepared for retirement? Today we’ll walk you through the steps we use to figure out that number for clients and we’ll use a recent Yahoo! Finance survey to show you how long a million dollars would last depending on where you live.

There are a number of factors that go into the equation but proper planning can help you determine exactly what you’ll need to have saved.

Listen to the full episode or click on the timestamps below to skip around to specific topics.


The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[1:01] – Yahoo! Finance survey results

[2:48] – How much do you need?

[3:54] – Living in LA and other big cities

[8:19] – Mid-size to small cities

[9:16] – Determining what your amount is

[10:16] – Income is essential

[11:11] – Convincing a client to enjoy a trip and spend

[12:15] – Changing your mindset in retirement

[14:12] – How to make sure your money lasts



“We’ll get some people that will say, ‘We want to maximize the first 10 years because when we get into our 80s, we won’t be doing too much.’”

– Dale Tondryk

More To Explore

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.