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Gadgets
every day uses for new and old technologies.
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How much do I need to be able to retire?
We have talked about many retirement planning issues. It is time to determine how much money do you need in order to be able to retire. Many factors influence the retirement decision; however, we have assembled a table that will highlight some parameters and provide some guidance.
Assumptions:
| Annual Income | $70,000 |
| Inflation | 3.5% |
| Earnings Rate | 12.0% |
| Life Expectancy | 90 |
| Years in Retirement | 50 | 40 | 30 | 20 |
| Total amount Needed Today | $904,529 | $883,107 | $835,942 | $732,095 |
The analysis assumes that at life expectancy (the last year of retirement), the balance in the savings account is 0. (You better hope you are not around.) Also, all assumptions need to materialize as expected (not likely). Finally, the analysis assumes that each withdrawal occurs at the beginning of the year (i.e. You need to eat during the first year of retirement).
The numbers and assumptions are general. We recommend you download our retirement planning software and develop your own personalized unique plan.
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Early America - We're building up a pretty large database of events from Early America. History buffs shouldn't miss this section, including a database of all major battles in the American Revolution and the French/Indian War -- CLICK HERE
The goal of this database is to have a history of all major political, military and other events in the early history of the US.
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