What's your retirement nut?

[gull]

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ANy of you guys students of the markets? Do you realize that between 1966 and 1982 (that is almost a lifetime for many on these boards) the dow was FLAT in nominal terms and DOWN 40% in real terms? That is was down 90% (yes, that is not a typo) from 1929-1933? That the NDX was down 80% 00-mid 03? That long bonds were down 20-25% in 1994? Anyone here actually had to manage a portfolio and LIVE on it? Models don't pay bills. And drawdowns are MAJOR problems when you are living off the cash flow. Retiring and NEEDING 8% per year to hit your spending is insane. And people are way underreserving for inflation -- its at least 3% of whatever return you are getting. Education and healthcare, 2 major expenses, have gone up much faster than that for years.

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The DJIA is not an entirely accurate representation of the total market.

The S&P is a better representation, although still not totally accurate.

From 1966 to 1982, the S&P 500 (dividends reinvested) nominally returned 200.2%.

I'm looking at DJIA data right now and I'm wondering did you only count capital gains (i.e., dividends excluded)?