I am planning on early retirement starting in the next year or two. Most of my funds are invested in a 401k. I would like to use firecalc to simulate a withdrawal rate that is fixed for the first 10 years and then adjusted for inflation.
I ran the calculator using a fixed withdrawal (no CPI/PPI) with a life span of ten years. I then used the average portfolio balance for a second projection for 30 years.
Is this an accurate calculation or am I missing something? I would love to hear from others with the same issue.
I ran the calculator using a fixed withdrawal (no CPI/PPI) with a life span of ten years. I then used the average portfolio balance for a second projection for 30 years.
Is this an accurate calculation or am I missing something? I would love to hear from others with the same issue.