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$A 130,000 per year needed.

$A 130,000 per year needed.

Old Jan 25th 2005, 6:42 am
  #1  
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Default $A 130,000 per year needed.

Using the example:

Person:
1. 40 years old,
2. Retire at 65 years old,
3. Expenses $A 50,000 per year,
4. No mortgage,
5. No investable wealth,
6. At retirement wants $A 1,000,000 to produce ~$A 50,000 income:

I calculate that the current Total Income required to meet current expenses, taxes and savings is $A 130,000.

If enough of you ask I'll post the speadsheet.
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Old Jan 25th 2005, 6:50 am
  #2  
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Default Re: $A 130,000 per year needed.

Originally Posted by Quinkana
Using the example:

Person:
1. 40 years old,
2. Retire at 65 years old,
3. Expenses $A 50,000 per year,
4. No mortgage,
5. No investable wealth,
6. At retirement wants $A 1,000,000 to produce ~$A 50,000 income:

I calculate that the current Total Income required to meet current expenses, taxes and savings is $A 130,000.

If enough of you ask I'll post the speadsheet.
Sounds plausible, I guess assumes no prior pension funding etc

Paul J
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Old Jan 25th 2005, 8:20 am
  #3  
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Default Re: $A 130,000 per year needed.

Originally Posted by Quinkana

If enough of you ask I'll post the speadsheet.
I would be interested to see it
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