Quote:
Originally Posted by PepsiFree
Based on the change in the last 30 years, 200k would be equivalent to about 120k, which, yes and again, is a lot of money.
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I am curious if you feel that saving enough, in order to have a retirement income stream of the same size and the same security as two teachers with 2 DB pensions, is reasonable, or completely out of touch?
Two teachers, who worked for 30 years, would likely have somewhere between $75k and $100k in defined benefit pension income. Possibly more.
In order for a couple without a DB pension to be in the same boat, they would need $3 - $4M in savings, to generate the same income with similar security.
Is it okay for your teachers, but way out of whack with reality if it is done privately through savings?