How much income is enough to retire on?

Comment

Comment by Adrian on December 10, 2008 at 9:21pm

Thanks, Steve ... you don't look old enough to remember :)

Now, a 10 fold increase in 25 to 30 years is approx. one doubling every (roughly) 10 years, which is approx. an annual compound growth rate of 7% ... way above officially quoted inflation. (Literally) food for thought ...

Comment by steve on December 10, 2008 at 7:57pm

As far as what things will cost when you retire. I have found that in the past 25 to 30 years, things(at least most things) have actually gone up 10 fold. What this means is , if you spent 30 cents on a loaf of bread 25 years ago, your almost certainly paying 25 years later,$3.00 or 10 times $.30 today.Gas and a few other minor items haven't seem to hold true to this, but most other things have.