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Posted on 4/27/14 at 7:07 pm to matthew25
quote:That sounds like a lot of money, but medical costs are probably ridiculous at that age.
All you need to save is $1.25 million.
This will allow $50,000 income during retirement years.
Sometimes I think I will keep working until I am both eligible for Medicare and not interested enough in work to keep showing up on a daily basis. At some point I will be working more for the medical insurance than the salary.
Posted on 4/27/14 at 8:34 pm to jimbeam
quote:
how much will 50k be worth then compared to now?
I always do these calculations net of inflation, so I plan on earning 5%. So the 50k is then in the proper perspective.
Posted on 4/27/14 at 8:40 pm to Sigma
gotcha
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