How do I know if I have enough Money to Retire
Start with developing a budget. You will need to know how much savings you will have when you retire and how much income it will generate from interest, dividends, and mutual fund payments. Next, you need to calculate your income from private company pensions and government pensions. When will you receive these pensions?
Your expenses are next. Add up all of your regular monthly and annual expenses for everything that you have. Utilities, food, rent, taxes, clothing entertainment, etc. Compare your annual income with your annual expenses to get the first indication of whether you will have enough in retirement.
You may need to make some adjustments. This could include working longer to save more money. It could also include reducing your expenses. Perhaps you will need to eat out less. Maybe reduce your utilities or downsize to a smaller less expensive home. You also may need to make adjustments to accommodate the objectives you have with regard to travel, etc.
Work with an expert to gain help with this process to answer the question and plan your future retirement.