If it's not guaranteed then you're not comparing like with like.
What you seem to basically be saying is that if you get more money out of the annuity early (through going for a level annuity rather than RPI escalating) and gamble it on the stock exchange then you'll likely be better off, based purely on the historic outperformance of equities over gilts.
Where did I say that I was ? I was intrigued by the break even point. The spreadsheet allows you to see what happens if you save the excess. I made it available for download so that people can change the inflation and rates to suit themeslves.
It is what it is.
You said "Escalating annuities are a waste of space", giving only your spreadsheet as evidence. That suggests that you think your figures *are* comparing like with like -- otherwise you can't draw *any* conclusions from your comparison, let alone that "Escalating annuities are a waste of space".
"Daytona" wrote
Indeed, on the 'Fool' you said "I found that, as long as you're not completely undisciplined, ..., pushes the breakeven point out to 55 years..."
That again suggests that you think your figures *do* allow a valid comparison.
Well -- do you think your comparison is valid, or not?
Do you *really* believe that "Escalating annuities are a waste of space"?
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