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

Posted: Sat May 06, 2023 9:00 am
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.

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

Posted: Sat May 06, 2023 12:11 pm
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%.

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

Posted: Mon Aug 28, 2023 6:17 pm
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.