Hopefully I word this correctly. I have been working on a simple excel spreadsheet that allows me to adjust annual contributions/growth percentages/income etc. for any given year until I am 90. Of course the contributions slowly stop as time goes on - unless I spend less in some years and have leftover money to invest. On this spreadsheet, I include retirement income with a 3% inflation rate. My initial retirement income off of withdrawals at age 44 is 120k. Moving the needle, at age 60 with inflation, my income is 192k. Now to the question.
192k is a lot of money and even with budgeting annual expenses I don't foresee needing that much. What are your thoughts on leveling out the 192k until the end? Do you "peak" inflation at any point in calculating necessary income?
192k is a lot of money and even with budgeting annual expenses I don't foresee needing that much. What are your thoughts on leveling out the 192k until the end? Do you "peak" inflation at any point in calculating necessary income?