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[quote=Anonymous][quote=Anonymous]A very rough estimate: your annual pension at age 58 is $78K. The present value of a $1 annuity at that age is somewhere around 20. So, at age 58, the value will be $78K x 20 =$1.56M. Discounts it back 17 years to now, at 4%, it’s about $800K. An actuary.[/quote] OP here - Thanks! That is super helpful. Do you not include any escalation when you factor in pensions? I am assuming not? Given that case we would say we have approximately $1.3 million in retirement savings right now then? Is that on track at this age - DH and I are both 41. [/quote]
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