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Reply to "s/o of Retirement Thread"
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[quote=Anonymous]Too many variables to guess at. The online calculators are handy to make some basic estimates that you may want to figure on: - remaining mortgage on house - cost to maintain home when you may not be able to do it yourself - travel - long term medical care (insurance) - paying for kids' college - gifting money to kids for their homes, grad school, grandkids' education There is almost no upper limit and $7.3 million would not be nearly enough for some. For others? Well, most of the elderly in the US rely on Social Security for more than 50% of their income. http://www.ssa.gov/pressoffice/basicfact.htm [/quote]
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