Presumably if you've saved that amount of money and were financially prudent, then your house would be paid off and you wouldn't have any debt to speak of.
Also if you've saved that amount of money, you wouldn't need to "save" more. Your saving days are over, now is time for your spending days.
Having said all that, what retiree needs 150K a year? The after tax income on that is roughly 100k. So when retired, you're going to be spending 8300$ a month? With no mortgage, no pension or savings deductions, no car payments. Just blowing 8300 buckaroos a month?
Yes inflation, and yes oversimplifiying, but I think we're overestimating retirement income needs.
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