Re: What's the right number for inflation and inflation standard deviation?
Posted: Sat May 06, 2023 9:00 am
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.
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.