"I was taught in my early adulthood that "If you invest $x/month, you'll retire in 40 years with $1M." But what I've never seen accounted for in these educational calculations is the loss of buying power via inflation
Even with conservative estimates, that million dollars will have the buying power that $400k has today. And if shadowstats.com is right and inflation has been under-estimated more and
more since 1980, the buying power halves more like every 10 years and that $1M at retirement will have the buying power that less than $100k has today."
Every now and then, we all sit down to a banquet of consequences.
