Pre-Retirement Savings: To accumulate the desired retirement savings, it is essential to establish an appropriate savings plan. Considering your desired retirement age of 67, we will work with a time horizon of 6 years. Based on your desired retirement income of $2 million, we aim to accumulate sufficient savings to meet this goal. As a result, I have outlined a general strategy for required savings pre-retirement during retirement, and the required annual and monthly savings targets will be calculated accordingly.

Required Savings Pre-Retirement: To determine the required savings pre-retirement, we consider the desired retirement income of 2 million annually, 6 years until retirement, and the expected rate of return on investments of 10%. However, to calculate the required savings, we must also consider the revenue generated by other sources such as pensions or social security.

As the former president of the US, your other retirement income sources include speaking engagements, book agreements, pensions, Social Security, and other deals such as Netflix specials that cover $500,000 per year. Therefore, the required savings pre-retirement will be the difference between the desired retirement income and the income generated by other sources:

Required Savings Pre-Retirement = Desired Retirement Income - Other Retirement Income = $2,000,000 - $500,000 = $1,500,000 per year.

To determine the annual and monthly savings required, we need to consider the 6 years you have until retirement. Annual Savings Pre-Retirement = Required Savings Pre-Retirement / Number of Years until Retirement = $1,500,000 / 6 = $250,000 per year

Monthly Savings Pre-Retirement = Annual Savings Pre-Retirement / 12 = $250,000 / 12 = $20,834 per month.

Therefore, to accumulate sufficient savings for retirement, you would need to save approximately $250,000 per year or $20,834 per month. Please confirm if my math and formula are accurate.