No doubt. People usually assume 2% inflation/year since that is what the Federal Reserve targets (and the 6.7% is a little conservative) but that amount of money also continues to grow over time, so depending on your expenses you may never touch the principal at that point with a 4% withdrawal rate.
There are a lot of variables too. $800,000 with a paid off house is different than $800,000 and still renting, for example. Depends on your country of residence too, etc.
But you can get to that point by saving, using common assumptions.
There are a lot of variables too. $800,000 with a paid off house is different than $800,000 and still renting, for example. Depends on your country of residence too, etc.
But you can get to that point by saving, using common assumptions.