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<blockquote data-quote="35years" data-source="post: 3367880" data-attributes="member: 60822"><p>I was amazed using the Vangaurd calculator how little increasing my future retirement savings impacted my total retirement resources compared to SS and the pension.</p><p></p><p>-My wife and my SS yields about 37% of my $90,000 current salary.$3,300 month.</p><p>-My pensions yield about 60% of my current salary. $5,400 month.</p><p>-Even if I save 15% of my future income at 5% return, my retirement income only increases $500 a month.</p><p></p><p>That pension ends up being the equivalent of having already saved 1.1 million. 401k match instead of pension?...Not appealing.</p></blockquote><p></p>
[QUOTE="35years, post: 3367880, member: 60822"] I was amazed using the Vangaurd calculator how little increasing my future retirement savings impacted my total retirement resources compared to SS and the pension. -My wife and my SS yields about 37% of my $90,000 current salary.$3,300 month. -My pensions yield about 60% of my current salary. $5,400 month. -Even if I save 15% of my future income at 5% return, my retirement income only increases $500 a month. That pension ends up being the equivalent of having already saved 1.1 million. 401k match instead of pension?...Not appealing. [/QUOTE]
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