Inflation's Impact On Retirement
When planning for life after retirement, don’t forget about how inflation rates will affect your savings.
Age at which you plan to retire
Age you expect to live to
What do you anticipate your monthly monetary needs will be when you retire, based on today's costs?
Consider that you may no longer have a mortgage or that health care costs may increase, etc.
Anticipated Inflation Rate
Enter the inflation rate to be used for these calculations. Typically, the historical average is 2-3% per year