Attention, you have completely disregarded inflation and changes in lifestyle over time.
If he gets by now with 1400 without children, house etc., that will be significantly more in a few years. The wife will stay at home for the children at times, vacations with 4-5 people instead of one will cost more, etc.
If he gets by on 1400 now, then in 20 years you'll only be able to buy half of it. So he will easily need the €3500 to make ends meet later.
If he gets by now with 1400 without children, house etc., that will be significantly more in a few years. The wife will stay at home for the children at times, vacations with 4-5 people instead of one will cost more, etc.
If he gets by on 1400 now, then in 20 years you'll only be able to buy half of it. So he will easily need the €3500 to make ends meet later.
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@Bigtechfuture Salary increases with inflation
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@Bigtechfuture...but as far as the withdrawal plan is concerned, I agree
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