When the inflation rate upsurges, things get more expensive. If your retirement income doesn't keep pace with the increasing inflation, you might end of consuming your savings earlier than expected. This calculator by Wiser Advisor can help you to estimate how much more income you may need when factoring in inflation between now and until you reach retirement to keep the same standard of living that you may have today. The estimation will assist you to plan for the inflation impact on retirement funds.
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