What does Wealthfront assume my household income will be after this goal ends?
We assume your income picks up where it left off, adjusted for inflation. If your income changes when you return, you can update it when the goal is complete.
Income tends to grow with inflation and/or career progression. While extended time out of the workforce can impact your career progression and therefore income growth, the extent depends on your situation, industry, and length of time out of the workforce. Therefore, we only make assumptions about inflation.
If you’re curious about the potential impact to your career after taking time off to travel, you can adjust your income growth rate on a scale from very conservative to high.
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