The objective and real challenge of any retirement plan should be to generate sufficient inflation-adjusted income over a prolonged period, typically 20 to 30 years after retirement. Thus, a retiree should have accumulated sufficient capital over his or her working career to be able to sustain a retirement plan. The real question then is at what level one would accumulate enough retirement capital? Or, at what age can one actually retire – irrespective of official retirement fund rules, etcetera – with the knowledge that one most likely will be financially independent for the rest of one’s life?
Download abridged versions of report: