That implies a 2.4 percent rate of real growth in a hyperinflationary era, so assume a 4.4 real rate of return in normal circumstances. That is the number we sh

That implies a 2.4 percent rate of real growth in a hyperinflationary era, so assume a 4.4 real rate of return in normal circumstances. That is the number we should be basing projections on, as it correlates more closely to real dollars in the retirement age years. 8-12 percent estimates are bs, and red herrings because they don't relate real returns.