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Firecalc with realistic input says 100% chance of success with maintaining current spending levels over 40 years
If we double current spending levels only one cycle fails over 40 years.
Unbelievable to consider the growth of money over time.
So my question:
So we have X amount of money, firecalc suggests after 40 years at current spending we would have between 8X and 37X? Have you or people you know observed this kind of growth in retirement?
Can you share specifics with $ or similar X figures and explain the amount of time for such growth?
It must be time to cut the cord to employers in 2015 (ie one more year for a pension).
Thank you for the kindness of a reply.
4nursebee
Posts: 198
Joined: 1 Apr 2012
Location: US
Firecalc with realistic input says 100% chance of success with maintaining current spending levels over 40 years
If we double current spending levels only one cycle fails over 40 years.
Unbelievable to consider the growth of money over time.
So my question:
So we have X amount of money, firecalc suggests after 40 years at current spending we would have between 8X and 37X? Have you or people you know observed this kind of growth in retirement?
Can you share specifics with $ or similar X figures and explain the amount of time for such growth?
It must be time to cut the cord to employers in 2015 (ie one more year for a pension).
Thank you for the kindness of a reply.
4nursebee
Posts: 198
Joined: 1 Apr 2012
Location: US