There are now financial sages out there who say you should up the base number from 100 to 110. That’s what Harold is doing. This advice, needless to say, comes with the assumption that all this money is targeted for your retirement. Something else worth noting: This formula assumes stocks will perform better than bonds over the long haul. That is indeed the conventional wisdom. Since 1928, the S&P stock index has returned a premium of about 6 percent above what one could receive from safe government bonds.
