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Want to know how to reach retirement with enough money to live comfortably? One strategy is to ask some of the richest people in the world how they did it.  Fortunately, many highly successful people have offered their insights on what works and what doesn’t. You can use these retirement quotes to help shape your retirement-planning philosophy.

A clock with the words Time to retire on the top. Introduction into the retirement quotes.

The Top 20 Retirement Quotes

1. “As in all successful ventures, the foundation of a good retirement is planning.” —Earl Nightingale, radio personality and motivational writer

Nightingale reminds us that you won’t successfully save for retirement by accident. It involves planning and putting that plan into action with discipline.

2. “Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement.” —Ron Lewis, former politician from Kentucky

Too many people spend too little time thinking strategically about their money. Your future will need more of your money than the present.

3. “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” —Warren Buffett, business magnate and investor

Buffett, one of the richest men in the world and someone whose writings are the subject of college business classes, reminds investors that investing isn’t just about making money—it’s about avoiding loss by controlling risk. 

4. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” —Warren Buffett

Do your investment accounts contain assets that you believe in? If not, Buffett believes that you shouldn’t hold them.

5. “If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.” —Warren Buffett

Buffett has never been a fan of short-term trading, and most retirement experts agree that there’s no room for it in a retirement portfolio.

6. “Risk comes from not knowing what you’re doing.” —Warren Buffett

Do you know what you own and why you own it? Your investments determine how well you will live in retirement. Be well-researched.

7. “Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.” —Warren Buffett

Buffett is always colorful with his examples. Enough said.

8. “Behind every stock is a company. Find out what it’s doing.” —Peter Lynch, legendary mutual fund manager and investor

A consistent theme among the investing greats is to know what you own. Can you describe each investment in your retirement plan and tell somebody why you own it?

9. “In the long run, it’s not just how much money you make that will determine your future prosperity. It’s how much of that money you put to work by saving it and investing it.” —Peter Lynch

You can’t save enough money for retirement if you don’t put your savings to work in the investment markets.

10. “Go for a business that any idiot can run—because sooner or later, any idiot probably is going to run it.” —Peter Lynch

Another common theme among the pros is investing in businesses that you can understand. This makes it easier to know what you own.

11. “The best stock to buy is the one you already own.” —Peter Lynch

Any investment in your portfolio is one you should believe in. For that reason, you might consider putting extra money to work in something you already own.

12. “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” —Paul Samuelson, eminent economist and Nobel Prize winner

You should know what you own and believe in its money-making power. For that reason, watching your retirement portfolio and making changes every day is not necessary and may even be detrimental to your long-term wealth.

13. “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” —George Soros, Hungarian-born investor and philanthropist

Soros agrees with Samuelson. 

14. “The individual investor should act consistently as an investor and not as a speculator.” —Benjamin Graham, economist, professor and father of “value investing”

Another great investor warning against short-term trading. Seems to be a theme among the greats, doesn’t it?

15. “The question isn’t at what age I want to retire, it’s at what income.” —George Foreman, former pro boxer, entrepreneur

Not all wise retirement advice comes from financial legends. Foreman reminds investors that age isn’t as important as having enough to live out your years comfortably.

16. “The four most dangerous words in investing are: ‘This time it’s different.’—Sir John Templeton, investor who pioneered the use of globally diversified mutual funds

Retirement investing lasts decades. In that period, you’ll see a lot of ups and downs and people will say that things are different each time. The situation might be different, but markets have gone down and then back up without fail for centuries.

17. The longer you work, the more money you’ll have for retirement. But the longer you work, the less time you’ll have to enjoy that retirement. —Anonymous

Great retirement planning early in life will give you the flexibility to retire on your schedule rather than waiting to reach a certain income level.

18. “Invest in yourself. Your career is the engine of your wealth.” —Paul Clitheroe, Australian financial analyst, advisor and publisher

Retirement planning isn’t all about how much you make but how you prepare to earn. Invest in education and experience that sets you up for a job you love that pays well, and retirement planning becomes much easier.

19. “It’s not how much money you make, but how much money you keep, how hard it works for you and how many generations you keep it for.” —Robert Kiyosaki, businessman, author and founder of the Rich Dad Company

The more you spend early on, the less time your money will have to grow. The less it can grow, the more stressful your later years might be.

20. “Live like no one else so later you can live and give like no one else.” —Dave Ramsey, personal finance guru

Ramsey sums it up perfectly: Don’t manage your money like others do. Sacrifice now so you can live and retire wealthy later in life.

Do Less, Make More

Here is a summation of the retirement quotes: Retirement planning starts early. Once you put a plan into motion, it doesn’t involve a lot of time or tinkering. The greatest investing minds know that often, less is more.

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