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use 16 to calculate how much is enough for retirement, page-10

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south9204

515 Posts.

02/08/17

14:46

Post #: 26242791

Originally posted by Ponzi ↑

If you were not indexing annual income by 2.5%pa, then your factor of 16 is about right:

Age Year ending Account balance Pension amount

1 55 30/6/2018 $1,264,465 $72,717

2 56 30/6/2019 $1,246,478 $80,000

3 57 30/6/2020 $1,227,581 $80,000

4 58 30/6/2021 $1,207,727 $80,000

5 59 30/6/2022 $1,186,869 $80,000

6 60 30/6/2023 $1,164,954 $80,000

7 61 30/6/2024 $1,141,930 $80,000

8 62 30/6/2025 $1,117,740 $80,000

9 63 30/6/2026 $1,092,326 $80,000

10 64 30/6/2027 $1,065,625 $80,000

11 65 30/6/2028 $1,037,572 $80,000

12 66 30/6/2029 $1,008,099 $80,000

13 67 30/6/2030 $977,134 $80,000

14 68 30/6/2031 $944,601 $80,000

15 69 30/6/2032 $910,422 $80,000

16 70 30/6/2033 $874,512 $80,000

17 71 30/6/2034 $836,784 $80,000

18 72 30/6/2035 $797,146 $80,000

19 73 30/6/2036 $755,502 $80,000

20 74 30/6/2037 $711,749 $80,000

21 75 30/6/2038 $665,782 $80,000

22 76 30/6/2039 $617,487 $80,000

23 77 30/6/2040 $566,747 $80,000

24 78 30/6/2041 $513,439 $80,000

25 79 30/6/2042 $457,432 $80,000

26 80 30/6/2043 $398,589 $80,000

27 81 30/6/2044 $336,768 $80,000

28 82 30/6/2045 $271,817 $80,000

29 83 30/6/2046 $203,577 $80,000

30 84 30/6/2047 $131,883 $80,000

31 85 30/6/2048 $56,560 $80,000

32 86 30/6/2049 $1,449 $56,560

Expand

wow! thanks!

Upvote

0 Great analysis

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use 16 to calculate how much is enough for retirement, page-10

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	Age	Year ending	Account balance	Pension amount
1	55	30/6/2018	$1,264,465	$72,717
2	56	30/6/2019	$1,246,478	$80,000
3	57	30/6/2020	$1,227,581	$80,000
4	58	30/6/2021	$1,207,727	$80,000
5	59	30/6/2022	$1,186,869	$80,000
6	60	30/6/2023	$1,164,954	$80,000
7	61	30/6/2024	$1,141,930	$80,000
8	62	30/6/2025	$1,117,740	$80,000
9	63	30/6/2026	$1,092,326	$80,000
10	64	30/6/2027	$1,065,625	$80,000
11	65	30/6/2028	$1,037,572	$80,000
12	66	30/6/2029	$1,008,099	$80,000
13	67	30/6/2030	$977,134	$80,000
14	68	30/6/2031	$944,601	$80,000
15	69	30/6/2032	$910,422	$80,000
16	70	30/6/2033	$874,512	$80,000
17	71	30/6/2034	$836,784	$80,000
18	72	30/6/2035	$797,146	$80,000
19	73	30/6/2036	$755,502	$80,000
20	74	30/6/2037	$711,749	$80,000
21	75	30/6/2038	$665,782	$80,000
22	76	30/6/2039	$617,487	$80,000
23	77	30/6/2040	$566,747	$80,000
24	78	30/6/2041	$513,439	$80,000
25	79	30/6/2042	$457,432	$80,000
26	80	30/6/2043	$398,589	$80,000
27	81	30/6/2044	$336,768	$80,000
28	82	30/6/2045	$271,817	$80,000
29	83	30/6/2046	$203,577	$80,000
30	84	30/6/2047	$131,883	$80,000
31	85	30/6/2048	$56,560	$80,000
32	86	30/6/2049	$1,449	$56,560

use 16 to calculate how much is enough for retirement, page-10

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