Saturday, March 20, 2010

What's Your Number? Mine is Apparently $2.3 Million. Determine Your Number in Two Minutes.

I saw an interesting commercial by ING tonight while watching a program on Warren Buffet and Bill Gates.

The ING commercial has a guy carrying his number (amount he needs for retirement) while talking to a neighborhood guy whose number was a GAZILLION. The point was that not everybody knows what they are going to need in retirement to meet their life style expectations. The commercial goes on to announce a simple ING website that you can use to determine your number.

The site is INGYOURNUMBER. I went to the site and in less than two minutes it gave my "number" as $2,311,839. This number was based on my desire to have $58,000 a year in household income that will last from the age of 51 until 90. This $58k was in addition to the pension I expect to receive from the Navy, assuming I only get only one more promotion.

Previously, I had the expectation for my number to be somewhere between $1.7 and $2 million. So, $2.3 million is not much of a surprise. My number will drop to something closer to $1.7 million if I get two more promotions and retire as an O-6 (Navy Captain = Colonel other services).



Nikitangel said...

I tried in Chrome and IE, and got an error message both times. Oh well!

Finance Junkie said...

Tried in Chrome just now and it worked fine. You might want to try again.

Nikitangel said...

"Oops! This link appears to be broken" every time. Maybe I never get to retire :)

Finance Junkie said...

Recommend just going to your web browser and typing in: