Been a while since I looked into actual numbers, so just ballpark it. In the US, it's possible to buy an inflation-adjusted annuity. In some countries annuities might not even be available. Regardless, an inflation-adjusted annuity will mostly(*) give you the same deal as people living on social security (public pension). Of course inflation-adjustment takes on another fee. This is why the DIY approach is so popular. I'm mostly recommending this not because DIY is hard but because punting a problem that one is particularly unconfident in unto others might be the saner solution.delay wrote: ↑Mon May 06, 2024 11:21 amThat seems quite generous! Over here 100,000 euros gets a 50 year old male 312 a month, or 3.7%, and there are no options that correct for inflation. If inflation halves the value of money in 20 years, at his 70th birthday the 50 year old male will have the purchasing power of 156 a month.
(*) In the US, SS is indexed to the average earned income, not CPI.