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You are correct of course, but I don't think that many people are currently retiring with pensions and was trying to keep it simple.
Perhaps safest to add a line about how much you need annually to live your lifestyle then subtract known income (pension and SS) when determining IF you can retire.


Yes, not many people have retirements but there are plenty of people who are frugal and can cover a good portion of their retirement with SS. I would guess there are more people wondering if they can retire at 62 instead of 67 than there are who are wonder if they can retire at 55 than at 62. Yes, I would agree that subtracting off income streams before using multiplying by 25 would be a good idea.

PSU
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