Imagine a town where a trip for two to the movies costs $68, gas goes for $6.50 a gallon and dinner at a top-rated restaurant will set you back more than $600. And suppose that, despite the town's outrageous prices, you decide to retire there. How much money would you need? The question isn't just hypothetical. The "place" it refers to is Any-town, USA, 25 years from today. The prices are merely the result of duplicating the amount by which consumer prices have risen over the past 25 years. Inflation is one of the forces working against you as you save for retirement.
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