How I Used ChatGPT to Plan My Retirement at 52

Ajouté : 2026-05-13

[00:00:00]If you are over 50 and you feel like you are behind on retirement, I need you to hear this. Nearly twothirds of Americans believe they'll never retire by 65. And that used to terrify me.

[00:00:16]But about 6 months ago, I discovered something that completely changed the tra the trajectory.

[00:00:23]And it's free.

[00:00:25]I'm gonna show you exactly how I use chat GPT to build a personalized retirement road mapap in under 15 minutes. There's no financial advisor required. So stay with me. Before I show you the demo, let me explain why this works. So ChatGpt, it's not a financial advisor.

[00:00:52]It does not manage your money. But what it does better than anything else is it takes your specific numbers and runs scenarios instantly.

[00:01:04]Think of it as a financial thinking partner that never judges you, never charges you by the hour, and it's available at 2 a.m. when you can't sleep because you're worried about money.

[00:01:20]Now, according to MIT Sloan professor Andrew Lowe, AI is now genuinely good at five things when it comes to retirement.

[00:01:33]One is explaining tradeoffs, exploring scenarios, providing emotional support, behavioral coaching, and portfolio logic.

[00:01:46]So, these are exactly what we need when we're trying to figure out if we can actually retire.

[00:01:55]Now, here's the important disclaimer. I am not a financial adviser and AI cannot give you legal advice.

[00:02:05]It's not always perfect at math and it bears zero legal responsibility if something goes wrong. So, we use it as a tool, not as a replacement for professional advice when the stakes are high. So, think of it more as your co-pilot, not your autopilot.

[00:02:26]All right, let me show you exactly what I do.

[00:02:30]And I am going to share my screen right now. So, we're going to open our web browser and we are going to go to chatgpt.com.

[00:02:42]And whenever that opens, we are going to do our first step, which is telling chat GPT exactly who it needs to be. And I will have a copy of these prompts in the description. So, you can just copy and paste.

[00:03:02]You're going to bring this one. You're going to copy it and you're going to take it into chat GPT. and you're just going to paste it in the box that says ask anything. And then you're going to hit this black arrow button to send the prompt.

[00:03:17]And then we wait and watch the magic.

[00:03:21]So what we ask is we ask chat GPT to be a certified financial planner who specializes in retirement planning for people over 50. You are a fiduciary, meaning you always act in my best interest. Be specific with numbers and don't give generic advice. So what we did there is we told it to be a fiduciary and to always act in our best interest. And what this is going to do is it is going to give us a better response so we don't just get a bunch of fluff um or any useless answers.

[00:04:04]And this is the response that we got.

[00:04:06]And I'm not going to read all of this. I will let you do it on your own and you can read what yours are.

[00:04:15]So it says that it can help evaluate things. It'll tell you um what it's going to do and it'll tell you it's going to help evaluate things like income gaps, social security timing, mortgage and rental property strategies, and all of the things that you need to get ready for retirement.

[00:04:38]So then it asks for some details. So, in the document that's going to be in the description below, you can type this, copy and paste this prompt here. Now, this is just a fictitious person that I'm putting in. This is not my numbers. You would plug in your own numbers here.

[00:05:02]So, that way it gives you an accurate result.

[00:05:08]So here it says here is my situation, my fictional person's situation. I am 55 years old and I want to retire at 65. I currently have 150,000 in a 401k and 30,000 in a Roth IRA. I can save 1,500 per month total. I expect 2100 per month from social security at age 67. My target retirement income is 5,500 per month. I have no pension. My home is paid off. Assume a 6% average annual return before retirement and 4% during retirement. Am I on track? Show me the math. And then you hit the black button and it will get to work on helping you plan your retirement and see if you're on track. And it tells you here for this person, they are not fully on track yet, but they're still in a good position because they have 10 years, no mortgage, and the ability to save 1,500 a month.

[00:06:19]So then it's going to break down exactly where your money's at, assuming the 6%.

[00:06:28]And um saving 1,500 a month for 10 years, your projected balance at age 65 is approximately $568,172.

[00:06:43]Okay.

[00:06:45]So, your retirement income goals. It goes over what you want, what you expect from social security and what your portfolio what your portfolio needs to cover. Um, so that equals 40,800 a year using a 4% withdrawal rate.

[00:07:10]This tells you where you're at. So your rough retirement target should be about 1.02 million what your projected portfolio can actually produce and that's at age 65 and it goes on with all of the different numbers so you can just look at them for your own. Then it gets down to the bottom line.

[00:07:37]Your retirement target is 5500.

[00:07:40]Your projected social security is 2100.

[00:07:44]Projected portfolio income.

[00:07:48]Projected total income. So it tells you that you are falling short by about $1,56 a month.

[00:08:05]So, it will tell you that you are not on track for $5,500 a month at age 65 under these current assumptions, but you're not in a crisis.

[00:08:18]realistic options that you have.

[00:08:21]Increase your savings above 1,500 a month if possible. Work closer to age 67 or or so social security starts when expected.

[00:08:32]Lower the retirement income target closer to 4,4500 a month. Create a part-time or rental income.

[00:08:41]Delay social security past 67 if your health and work situation allows.

[00:08:48]So that is all of the numbers that it comes up with. So that's step three is to review the output that it gave us. So now we want to know, okay, well, what can we do? Right? Because now we know that we're in a good position, but we're not where we want to be. So what can we do?

[00:09:10]So in step four, I have this prompt. You can copy and paste.

[00:09:20]And basically all of this is asking is I have 2,000 per month income gap. I think this one said 1506 is what it said. So let's change the number. 1506 per month income gap. Give me five realistic strategies to close this gap in the next 10 years. I don't want extreme risk. Rank them from easiest to hardest.

[00:09:50]And then you let Chat GPT do its thing and it will come up back with five realistic strategies that will help you meet your goals.

[00:10:10]It's taken a little bit.

[00:10:16]But that's okay. We want it to give us some good things. Okay.

[00:10:23]All right. So, it says you can reduce your retirement target from 5,500 to 5,000 a month. That's the easiest effort. And we did ask these to rank up from easiest to hardest. So, you'd have to think, can I live with $500 less per month? If so, you're good.

[00:10:49]Work until 67 instead of 65.

[00:10:54]Increase savings from 1,500 a month to 2500 a month.

[00:10:59]Create 750 to a,000 month part-time income in retirement.

[00:11:06]or combined delayed social security to 70 plus bridge income.

[00:11:14]And then it goes into more detail and you could look over all of that. It kind of goes over the results again if you change these things up. So when you run your numbers, you can look at that.

[00:11:33]Now, we want to stress the test plan because this is in a perfect world, perfect scenario where everything goes according to plan. So, step five, you're just going to copy this prompt and you're going to put it into chat GPT and you're going to ask it, now stress this test plan. What happens if we hit a recession in three years of my retirement and the market drops 30%. How does that change my outcome?

[00:12:14]So it says yes and this stress test shows why the first five years of retirement matters so much.

[00:12:23]the original plan retire at 65 your projected balance would be this. If a 30% market drop would reduce that to this.

[00:12:36]So before the crash, your portfolio was projected to produce this much per year or about this much much per month, right? And after the drop, it would go to this and to this and then you add your social security in on top of that.

[00:12:56]So the new gap would be 274 per month, which would make you 2,74 per month short.

[00:13:07]And then you can read through what you could do to kind of offset that and go through and it gives you a whole new set of outcomes which I could read over with you. Um but your situation is going to be different than the one that I ran. So, I would suggest just downloading um the Google document that I'm going to have listed in the description below.

[00:13:38]Get on chat GPT. It's free. You can use the free version for this and run your own numbers and see how they work out.

[00:13:46]Um and then then go from there. So, before you go try this yourself, let me give you the rules that make this all work.

[00:13:57]One, never share your social security number, account numbers, or passwords with AI. You don't need to. Just use round numbers and general figures.

[00:14:08]Number two, always fact check the math.

[00:14:13]AI is not a calculator. It is a language model. [music] So, grab a calculator and verify that the numbers that it gives you are correct. Number three, use the push back technique.

[00:14:30]The first answer AI gives you is just a draft. So push back. Say I don't like option number three and I want an alternative. Say what if I cannot save that much because realistically most people probably can't. Um the more that you argue with it, the better the plan gets. Number four, update your plan every quarter. Come back to chat GPT every three months with your updated numbers because your plan is a living document. It's not a one-time event. It is going to change over time. So, come back to it every quarter and just update it and see where you're at. Now, I have put together a free download. It's going to be in the description for a Google document or I may make it a PDF. I'm not sure yet, but I'll figure it out. There will be something in the description where you can download these prompts and um use them for yourself to run your own numbers.

[00:15:40]So, if this video helped you feel even a little bit more confident um about your retirement, do me a favor and hit the subscribe button. I am releasing a new video every single day this month showing you how to use AI to build wealth after 50. And tomorrow I am going to give you the exact uh five copy and paste prompts that I use with a different tool called Claude. So um you're going to want to get those.

[00:16:16]So, drop a comment below and tell me what is your target retirement age.

[00:16:23]I read every single comment and I look forward to seeing you tomorrow.