Quote:
Originally Posted by GatorB
For the record $180k in 22 years will be worth $115k in today's money assuming 2% inflation. If you live to 85 that $180k will be worth $77k.
$180k would be worth $92k in 22 years if assuming 3% inflation, $50k at age 85.
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Work expenses excluded, I don't spend 50k a year NOW and I live a pretty good life, travel quite a bit, own everything I have, zero debt, and really want for nothing other than some new young Thai beaver a couple times a week.
Maybe if you're drowning in debt and living in a very expensive city, sure, but otherwise I just can't imagine being that age and needing that kind of money because I don't even need it now.