| ESTIMATED AMOUNT THAT WILL BE SAVED FOR RETIREMENT |
ESTIMATED FUTURE EARNINGS RATE FOR YOUR SAVINGS |
ESTIMATED LENGTH OF TIME YOUR SAVINGS WILL LAST | MONTHLY DECREASE IN THE FUND |
|
5% |
130 Months,
10 yrs, 8 M |
$1,000 | |
|
7% |
151 Months
12 Yrs, 7 M |
$1,000 | |
| 186 Months
15 Yrs, 6 M |
$1,000 | ||
| 130 Months,
10 yrs, 8 M |
$2,000 | ||
| 151 Months
12 Yrs, 7 M |
$2,000 | ||
| 186 Months
15 Yrs, 6 M |
$2,000 |
In order to spend the amount in column 4, each month for the time period noted in column 3 you will need the amounts in column 1 saved up when you retire.
Note here that we are spending the principal. You should also look at the
Table entitled
"Retirement
Supplements" as this table will give you a more detailed look at how
much you will need one the day you retire.
For a full blown Retirement Seminar Outline, go to
Where I explain this chart and a lot of others that relate to Earnings, Inflation and Compounded Interest
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