Owen Wisconsin 54460, and the strife you've caused !! (53 replies) Latest news from Owen, WI collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: German (47.0%), Polish (12.5%), English (6.3%), Irish (5.6%), Norwegian (4.5%), French (2.4%). Current Local Time: CST time zone.
Then the nominal interest rate on the annuity will be eight percent. Our annual spending, C, will increase at a rate of 5 percent per year. That way, every year we will be able to afford the same basket of goods and services that we can afford today for $25,130.
After inflation, your effective long-term average return is approximately 3%. So, in order to have $60K-$90K per year at 3% return, you need $2M-$3M in savings, assuming perpetual annuities (i.e. you will never need to draw from the principal). In this calculation, I assume perpetual annuity because I don't know how long you expect to spend in retirement.