Quote:
Originally Posted by Jason14h
You said you had a $70,000K pension, meaning you need to make up $30,000K a year. And the suggestion is you need to save $36,000 a year?
Am I missing something here! Are you expecting to live to 110?
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Actually, we plugged into the calculator that I would live to 90.
http://retirement-calculator.tdcanad...about-you.html
Page 1: 40, 60, 100000
Page 2: 30, 100000, 70,000
Page 3: 20000, 200, 0, 0
Page 4: 3%
Results: You need to save $1,500,000. At current rate, you will save $114,000.
If on Page 3, I change the $200 per month to $3000 per month, I still don't have enough.