I have been playing with the T. Rowe Price Retirement Calculator for the last two days.*
I was confused about the results so I set a goal of $2000 a month for 25 years at a 99% confidence and found out I need about 600K.* But the portfolio it suggested was about 15% stocks and the rest in bonds and short term.* As I went higher on stocks the probability of success fell.
O.K.* so then I go look at their retirement funds.* Retirement 2005 has a mix of 58.5% stocks.* So their funds will not be a success in their calculator.* Boy I want to buy a fund from them. :
(Edit: Moved by moderator at poster's request.)