I notice a rule of thumb folks use for their nest egg goal is 25X annual expenses. I guess this comes from the 4% WR rule of thumb.
Anyway, do folks usually factor in other income streams in this?
Using the 25X rule, I figure we'd want $2.5M saved but we have $1.9M and won't get there by the time I retire.
However, we'll have significant retirement income from SS and pensions.
Anyway, do folks usually factor in other income streams in this?
Using the 25X rule, I figure we'd want $2.5M saved but we have $1.9M and won't get there by the time I retire.
However, we'll have significant retirement income from SS and pensions.