❌ One of my BIGGEST pet peeves with select online retirement calculators (and some financial guru influencer types).. ❌

Rarely are realistic assumptions made about inflation in simplistic retirement projections (and sometimes they are omitted completely..) It may seem basic or obvious but it isn't always.

Another MAJOR issue I have is that they are not at all specific or tailored to key details of your life today or your ideal future but let's put that to the side for now..

Here's what I see: "If you invest $X/mo., and the market typically does Y%, you should have $Z by retirement."

This is a big problem.. let's talk about why!