K
Kathleen
Guest
Hi. I am using the FIRE calculator and trying to determine if I'm doing this right. It seems to good to be true. Here are my figures: Annual amount needed (starting next year) - 50K. Starting amount 800K - 60 % in stocks. My SSI will be 12k starting in 7 years. My spouse will get 12k staring in 4 years. Lifespan for 40 years. Annual investment expenses 1.25%. Inflation using PPI.
The results say we would have 92% chance of making it and historically have 2 million left over.
I would appreciate any feedback on if I am using the calculator correctly. Thanks in advance.
The results say we would have 92% chance of making it and historically have 2 million left over.
I would appreciate any feedback on if I am using the calculator correctly. Thanks in advance.