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Setting the Target Amount for Retirement

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  • #31
    Originally posted by LizfromtheBronx View Post
    Fair enough...I was just doing a simple calculation, and wasn't taking into account inflation.

    It's Friday...tooo...much....math...!
    I like math! So, I'll do some for you...in 30 years, $2.4M will be worth, for each inflation value:

    2% $1.31M
    2.5% $1.12M
    3% $962K
    seek knowledge, not answers
    personal finance

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    • #32
      When I do those calculators I always do a very conservative 6% ROI annually. And usually on the shorter than farther side. And I'm still amazed at it saying I'll have millions saved. It just seems surreal.
      LivingAlmostLarge Blog

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