I'm using this retirement calculator and for income required at retirement, I first calculated the minimum I would need in today's dollars (researched what retirees often spend on things then adjusted that for my lifestyle). Then I took that figure and calculated what it would be at retirement using this forward flat rate inflation calculator. That gives me an inflation-adjusted dollar amount to work towards. The first calculator uses percentage of my final year's income, so I adjusted the percentage until the dollar amount matched what was discovered with the second calculator.
Did I do that correctly?
Did I do that correctly?
Statistics: Posted by cdevidal — Sat Apr 20, 2024 8:57 am
