ilmscore | Retire Rich or Broke? The Math Behind It

Retire Rich or Broke? The Math Behind It

Published: 2024-05-28
Status: Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
The UK's retirement age will increase to 67 by 2028 and to 68 by 2037.
"The UK will be putting its retirement age up to 67 by 2028 and it'll be 68 by 2037."
Retirement Age
Pending
Factoring in 2.4% annual inflation over 10 years, the retirement savings target increases from $1.23 million to just under $2 million.
"the average inflation rate over the last 10 years is 2.4% per year which means our $1.23 million becomes just under $2 million"
Retirement Savings Target (with inflation)
Pending
Considering the M2 money supply growth of 5.55% annually over 10 years, the retirement savings target increases from $1.23 million to $3.6 million.
"the M2 money growth Supply which sits at the annual average of 5.55% over the last 10 years so our 1.23 million actually becomes a jawdropping 3.6 million"
Retirement Savings Target (with M2 growth)
Pending
An adjusted retirement savings target, considering inflation and M2 growth, is approximately $2.8 million for a comfortable lifestyle.
"an average between the two gives us a rough estimate of $2.8 million that you'll need to have to have an easy lifestyle that you've always dreamed of"
Retirement Savings Target (average adjusted)
Pending