I have osteophytes in my lumbar spine along with mild scoliosis. what's the prognosis for something like this?

That depends more on: Other factors including: smoking status, body weight, exercise routine and your family history of arthritis/spine issues. A mild scoliosis usually is not a factor and osteophytes are typical findings as we age. So by themselves, the mild scoliosis and osteophytes do not predict any prognosis.

Good, bad or ugly.: Osteophytes are a result of wearing out of the spine called degenerative arthritis. This may progress with time osteophytes may become symptomatic and cause pain or neurological problems or they may not. Many people with severe spinal arthritis have little to no symptoms. Scoliosis is mild curvature of the spine. This may progress in your elderly years if your arthritis becomes severe.