Originally Posted by
galaxy flyer
scambo
Depends a lot on the age one would need 50k/yr. At age 65, probably around 1.6 would do it with conservative withdrawal rates and an allowance for inflation. If your receipent in question is disabled at age 35, probably 2 million dollars wouldn't do it. Also, these averages have some built-in probablity for running out of money--maybe 5-10% chance. The .gov disability doesn't, short of national bankruptcy and we throw the disabled under the huge bus.
Gloopy
Agreed, anyone should enter retirement basically debt free, esp mortgages. And the 70% replacement goal is likely high and finance advisors like it because it makes people save more. My calcs make me think 50-60% should be enough.
GF
GF;
The question was more rhetorical. I'm not talking about lost a leg disabled or brain injury disabled...I'm talking about drug use by choice and addiction as a label disabled, followed by the "in the system" disabled income growth encouragement.
And as I've said before, I'm a tool, so I can't use that as a defense.