Your home for direct purchases of all Liberty Bags, Alpine Fleece, Fortress, Hardware, Hall of Fame, and Carmel Towel products.
So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement. For each subsequent year, we increase your income need by 2.3% to keep up with inflation.
We then assume you can live comfortably off of 85% of your pre-retirement income. So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement.For each subsequent year, we increase your income need by 2.3% to keep up with inflation.ow we calculate the amount you will save. To figure out how much you will save by the time you retire, we first estimate your future income by growing your current income at a rate of 3.8% (the inflation rate of 2.3%, plus the salary growth rate of 1.5%).