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Dave Ramsey suggests how woman, 63 can make her retirement fund ‘last forever’

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She responded that she has been trying to live as frugally as possible for a past few months, spending less than £1,247 ($1,700) each month.

She also gets £1,100 ($1500) a month through her pension income.

Mr Ramsey said: “Well If you set yourself up £1,467 ($2,000) a month coming off of this and It was invested how we’re talking about, it would run almost forever.”

He said if she invests the £366,872 ($500,000) she will be okay, and this is what he does.