Submitted by BakeSoggy t3_yheuvs in personalfinance
stone_ad t1_iue8k0e wrote
Reply to comment by Illadvisedusername in Have I done enough to save for retirement? by BakeSoggy
This is a cool calculator. OP if you do use then know that their default setting are ultra conservative. They use 7% returns and 3% inflation.
7% is normally used as an inflation-adjusted rate. Otherwise it’s 10%. If you use their default numbers, then your are accounting for inflation twice OR assuming stock return in the future will be considerably lower than the past.
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