Following is a sample Financial Independence Projection for a couple age 45 with existing retirement savings totaling $260,000.
They are saving monthly and both are participating in their company 401-k plans. The result is that they will have over $2.5 million at retirement and will be able to live comfortably on $9,000 per month in today’s dollars (meaning $17,000 per month when they retire at age 67).
For additional information on retirement planning, please feel free to email us at info@wb4w.org.
1. The absence of a “To Age” value indicates that this income source is a lump-sum (single payment)