BaseballCoach
Dryer sheet wannabe
- Joined
- Nov 7, 2016
- Messages
- 24
Hello,
My wife and I are 35 years old. We have a question about withdrawal amounts for our retirement at 55 years old. We have $500k invested in VTSAX through our retirement accounts and non-retirement accounts.
My question is about the Spending number on the "Start Here Page." I'm putting in $80,000.
Question #1:
Does the calculator calculate this $80,000 today into what $80,000 will be in 20 years?
I assume it inflation adjusts my withdrawals and deposits, but just wanted to be sure.
Also, I'm looking at using Bernicke's Reality Retirement Plan. I think we will have plenty of money at retirement based on our spending habits that we have developed over the last 10 years, but I am a little apprehensive of slowing our saving rates down. My goal is not to retire early, but to not work as hard for the coming years and still be fine at retirement.
Question #2:
Are the results (when putting in all variables and using Bernicke's Plan) the chances of success of the inflation adjusted withdrawals and deposits during the input time frame?
Thank you for your help in this situation.
My wife and I are 35 years old. We have a question about withdrawal amounts for our retirement at 55 years old. We have $500k invested in VTSAX through our retirement accounts and non-retirement accounts.
My question is about the Spending number on the "Start Here Page." I'm putting in $80,000.
Question #1:
Does the calculator calculate this $80,000 today into what $80,000 will be in 20 years?
I assume it inflation adjusts my withdrawals and deposits, but just wanted to be sure.
Also, I'm looking at using Bernicke's Reality Retirement Plan. I think we will have plenty of money at retirement based on our spending habits that we have developed over the last 10 years, but I am a little apprehensive of slowing our saving rates down. My goal is not to retire early, but to not work as hard for the coming years and still be fine at retirement.
Question #2:
Are the results (when putting in all variables and using Bernicke's Plan) the chances of success of the inflation adjusted withdrawals and deposits during the input time frame?
Thank you for your help in this situation.