Quote:
Originally Posted by V
Hey, what kind of inflation percentage should you be using to project your present value of savings. For example, if I retire in 25 years from now, and I assume 3% inflation between now and then, my $1,000,000 is only going to be worth $477,000.
I did a quick google search, but I haven't seen what the experts would say is a reasonable assumption for inflation.
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I think the true historical average is 4.1%....3% is better than nothing though! A lot of people just forget about this entirely....