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Old 04-08-2008, 08:45 PM
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Spud Spud is offline
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Do you mean this blog post? If so, that is a good one.

I've been playing around with Retirement Forecaster this evening. I put in our account types & values to the best of my ability. I said we wanted $90k/year retirement income. Assuming 7% overall returns and 3.5% inflation, if we do the following for the next 22 years we should be fine until age 95:

$15,500 to 401(k)
$10,000 to IRA
$15,000 to taxable accounts

Of course, I would hope for better than 7%, and we would theoretically be able to do a reverse mortgage on our home if we needed to do so, but I hope we do not. But at least this gives me a starting point to 'check in' with our goals and figure out if we're saving enough.

I wish the calculator in Quicken worked the way it should. It would be so ideal. :/
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