What's the right number for inflation and inflation standard deviation?

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target2019
Posts: 20
Joined: Fri Dec 20, 2019 8:41 am

Re: What's the right number for inflation and inflation standard deviation?

Post by target2019 »

I went back and forth with the 3% setting, but accept it now as the best guess.

Also check the sensitivity analysis feature. I set Annual Retirement Spending to $60,000 minimum and $90,000 maximum. Then enter 2.0% and 8.0% for inflation rate. Just one more way of testing possible outcomes.
ochotona
Posts: 10
Joined: Fri Feb 03, 2023 2:38 pm

Re: What's the right number for inflation and inflation standard deviation?

Post by ochotona »

I'm going to carve out health care and LTC as separate items, and apply a {shudder} 5% inflation rate. The rest I will leave at 3%.
bbb6009
Posts: 2
Joined: Mon Aug 28, 2023 6:13 pm

Re: What's the right number for inflation and inflation standard deviation?

Post by bbb6009 »

Thank you to all that provided insight on inflation, I have been struggling with this input. I'm at 2.8% and when you look at the money needed even 10 years out it's a bunch.
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