So, Uncle8888 passed him this retirement planning Excel worksheet.
After simulating with the retirement planning Excel worksheet, he realizes that he will need 13% ROC.
13%!!!
Uncle8888 told him frankly that he is still far away from early retirement.
He will need to save more and invest for higher growth.
13% is a tough number to achieve.
5-6% ROC is more reasonable.
Read? Retirement Income for Life??? (12)...