After using the base model and reading all the parameters used in performing the calculations, and the default values of these variables, the data entry sheet for the extended version makes more sense.
In summary, we look to be in good shape.
Per the base model our initial retirement spending in 2 years time can be approximately 140% of our existing pre-retirement Net Income, then increase further with each successive year till reaching our assumed life expectancy of 92+.
My wife and I were just discussing how Retirement no longer seems to be a reward for a career well served, but has become another angst ridden and unavoidable complex decision with no 'do-overs' available.
Pensions are gone, retirees now have to plan and fund their own regular income. Post-retirement health care is gone, retirees now have to plan and fund for their own health care needs. Social Security is threatened on a different front every day in Washington. Families are often widely scattered making family support or assistance with decisions a rarity. More and more information is only available on-line - provided you even know where to look!
Instead of being a reward, retirement has become a person's final career.
