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Reply to "40 years Old Financial Calculators Fail Us Thread For Good Savers"
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[quote=Anonymous]The assumptions I use retire at 55 assume we will get ss and assume 70 percentage of income. Since we save such a high percentage now, we won't need to add that at retirement. Just went online and if we save 60k per year, we are on track to have between 8.5 and 16.8 k per month with our goal amount of 12.6k. It says when we die we will have been 0 and 52 M. Under poor market conditions, we will run out of money in like 5 years. I'm thinking this Monte Carlo simulator is pretty useless.[/quote]
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