This is where you say to yourself, “How much money would I need to have every month (or year) at my disposal, to have this blissful future retirement scenario play out?
So now you might be saying, “But wait, you said I should not be tapping the principal…so how do you take 4% per year, and also increase that 4% by 3% annually to keep up with inflation?”
3. Consider what kind of investment performance you can rely on to both supercharge your savings effort, and then fund your retirement days.