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Message
re: Retirement Income Goals for planning purposes.
Posted on 1/14/24 at 1:37 pm to soccerfüt
Posted on 1/14/24 at 1:37 pm to soccerfüt
All great thoughts and I appreciate the help.
I figure that I am doing fine under my current circumstances if I Retired today. However, I had better keep saving lots of money because I have no idea how much 10k a month will stretch in the years of the 2040s.
But neither Newb nor Expert can predict the future, so, I'd better keep saving money.
I figure that I am doing fine under my current circumstances if I Retired today. However, I had better keep saving lots of money because I have no idea how much 10k a month will stretch in the years of the 2040s.
But neither Newb nor Expert can predict the future, so, I'd better keep saving money.
2
Posted on 1/14/24 at 2:48 pm to Champagne
Might want to look overseas for retirement .. just food for thought .
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Posted on 1/14/24 at 3:21 pm to Champagne
quote:
have no idea how much 10k a month will stretch in the years of the 2040s.
What are your income sources in retirement? Retirement withdrawal methods such as the 4% rule typically account for inflation and would require +$3m nest egg to draw $120k. On other hand if you are looking at a $10k/m fixed income stream with no inflation adjustments thats gonna get real tight after 20-30 yrs.
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