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If the fed went VAT only, wouldn't it need to be like 25%?

Want to thank all that responded to this. Some interesting comments and insights were offered. What I seem to take away most from them all, is that there is no 'good' or 'bad' time to retire. No matter when you do (retire) there will be bumps in the road, challenges to your assumptions, etc...

I used to think those who were able to retire ten years ago had it made, everything seemed 'easy'. Fuel prices were low (we RV), housing prices were going up & up, seemed any and every investment 'paid off', etc. However, the last ten years have not been exactly 'pretty', and now I wonder how...

I think Fidelity was using 2 and a half percent assumption on future inflation, which struck me very conservative. You hear/read comments on how inflation will eat you up and how you need to 'fight' it, but until you really see/digest 'your' numbers you don't appreciate how real the problem is.

Been doing some retirement planning, and was playing around with a planner on Fidelity. The assumption they (Fidelity) make that surprised me most was the inflation affect. Even with a modest inflation assumption, they apparently are trying to tell us that a $60,000 a year life style today would...