I do believe of the “interest into the savings”, he mode one resource go back, not necessarily the rate on the a bank account inside the an effective lender. For many who plug when you look at the 4%, you’re going to get amounts next to everything provides in the table above:
ln(.50) / 0.04 = ages in order to retire from the 50% coupons price ln(.80) / 0.04 = 5.5786 ages to retire in the 80% savings price
Of course, if you do plug in a <1% return instead of 0.04 because your stash is entirely in a savings account, you’ll see the numbers look much worse!
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