Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
EarlyRetire Pro software?
Old 01-08-2015, 02:04 PM   #1
Recycles dryer sheets
 
Join Date: May 2014
Posts: 109
EarlyRetire Pro software?

Has anybody used this software? It's sold by Hamilton. It looks very good to me at first glance. Looks very detailed on taxes for instance.

Early Retirement Software: EarlyRetire Pro
__________________

__________________
bulbar is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-08-2015, 02:16 PM   #2
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
I didn't bother following your link. Determining whether you are financially ready to retire is more of an approximation. There are so many variables and things in constant flux you are essentially measuring with a thick, knotted rope. You aren't going to get 3 decimal places out of any software.

FireCalc and ORP are good enough guestimaters for me.
__________________

__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 01-08-2015, 02:20 PM   #3
Recycles dryer sheets
galeno's Avatar
 
Join Date: Nov 2002
Location: Alajuela, Costa Rica
Posts: 220
FireCalc and ORP are free and all that we need for our FIRE.
__________________
AA = 60/35/5. Expected CAGR = 5.7%. GSD (5y) = 7.8%. USD inflation (10 y) = 1.8%. AWR = 3.0%. TER = 0.5%. Net Port Yield = 1.7%. Term = 36 yr. FI Duration = 4.9 yr. Portfolio survival probability = 86%.
galeno is offline   Reply With Quote
EarlyRetire Pro software?
Old 01-08-2015, 02:24 PM   #4
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
EarlyRetire Pro software?

I took a quick look at the overview. I think the topics covered are known by many here.

I see they have a free trial, so you could get a feel as to whether it might be useful to you that way. It's like a diet or exercise program: whatever works for you and you will stick with might be your solution.

Or you can follow e-r.org, which is like one giant neural network for early retirement. Or think/rant tank.
__________________

steelyman is offline   Reply With Quote
Old 01-08-2015, 02:24 PM   #5
Recycles dryer sheets
 
Join Date: May 2014
Posts: 109
I guess I'm looking for more detail because I'm nearing retirement. I don't want to retire on just a FireCalc approximation, although I do like FireCalc and ORP. I also like the Flexible Retirement Planner and it does a good job I think on taxes. Probably over thinking it but....
__________________
bulbar is offline   Reply With Quote
Old 01-08-2015, 02:27 PM   #6
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
You should use it and compare the results with FIREcalc and ORP and report back.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 01-08-2015, 02:27 PM   #7
Recycles dryer sheets
 
Join Date: May 2014
Posts: 109
yes, free trial is good idea.
__________________
bulbar is offline   Reply With Quote
Old 01-08-2015, 02:28 PM   #8
Recycles dryer sheets
 
Join Date: May 2014
Posts: 109
ok Bestwife I will
__________________
bulbar is offline   Reply With Quote
Old 01-08-2015, 02:32 PM   #9
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,094
I'm not comfortable paying for retirement software when there are a couple of dozen free calculators out there, many of them very good.

The Best Retirement Calculators - Can I Retire Yet?

Plus, I see the site charges ($50) for an upgrade if you have an older version of the ($100) software. Not a road I want to go down.

And even if this is the slickest, best, most accurate, comprehensive program on retirement in the universe, everyone needs to understand what it is telling you and why. We discuss those strategies on this forum every day, and the education is free.

EDIT: Yes, a free trial is definitely worth pursuing.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-08-2015, 02:40 PM   #10
Recycles dryer sheets
 
Join Date: May 2014
Posts: 109
Yeah, I've reviewed that article and also the more recent one and I've looked at every free calculator out there and used them all. They all converge on about the same answer but before I actually pull the trigger I want something very rigorous. I'll try it out and report back
__________________
bulbar is offline   Reply With Quote
Old 01-08-2015, 02:48 PM   #11
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,094
Quote:
Originally Posted by bulbar View Post
...I've looked at every free calculator out there and used them all. They all converge on about the same answer...
I doubt 'one more calculator' will result in anything significantly different, but I was where you were at one time ("Measure with a micrometer, ...) so I understand your search for "the" answer.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-08-2015, 02:49 PM   #12
Recycles dryer sheets
 
Join Date: Mar 2014
Location: Islands
Posts: 330
Quote:
Originally Posted by bulbar View Post
Yeah, I've reviewed that article and also the more recent one and I've looked at every free calculator out there and used them all. They all converge on about the same answer but before I actually pull the trigger I want something very rigorous. I'll try it out and report back
Lol...I don't think ANY calculator will tell you what you want to know. That you CAN retire with 100% assurance. It is not a criticism. I feel the same way. I have run EVERY calculator available (for free). Still not convinced. . .
__________________
Travelwanted is offline   Reply With Quote
Old 01-08-2015, 03:06 PM   #13
Thinks s/he gets paid by the post
Lisa99's Avatar
 
Join Date: Aug 2010
Location: The Villages
Posts: 1,327
I played around with it and the same variables that I use in FireCalc that give me a 95% probability of success results in only a 67% chance in the OP's tool.

No idea what where the differences are but FireCalc, Quicken, ORP, and Fidelity's RIP tool all produce similar results so I'm not going to try to figure out why this new tool is wildly different.
__________________
Learning how to be still, to really be still and let life happen - that stillness becomes a radiance -
Morgan Freeman
Lisa99 is offline   Reply With Quote
Old 01-08-2015, 03:26 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
Quote:
Originally Posted by Travelwanted View Post
Lol...I don't think ANY calculator will tell you what you want to know. That you CAN retire with 100% assurance. It is not a criticism. I feel the same way. I have run EVERY calculator available (for free). Still not convinced. . .
+1
This.
__________________
Options is offline   Reply With Quote
Old 01-08-2015, 04:05 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,643
Quote:
Originally Posted by Lisa99 View Post
I played around with it and the same variables that I use in FireCalc that give me a 95% probability of success results in only a 67% chance in the OP's tool.

No idea what where the differences are but FireCalc, Quicken, ORP, and Fidelity's RIP tool all produce similar results so I'm not going to try to figure out why this new tool is wildly different.
Maybe they have some CFPs on staff who can help you sort it out. For a fee.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 01-08-2015, 04:32 PM   #16
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
It seems to be based on Monte Carlo simulation but they don't publish the details anywhere on their site. Unless they provide it with the program, I think it's worthless as you won't understand the assumptions behind it.
__________________
photoguy is offline   Reply With Quote
Old 01-08-2015, 06:21 PM   #17
Recycles dryer sheets
prudent_one's Avatar
 
Join Date: Jul 2014
Posts: 158
The feature that would appeal to me is guidance on how to maximize the ACA subsidy. I know the thresholds but would be curious to know the strategy they advise.
__________________

__________________
prudent_one is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Which software for pro forma tax return prep? Lisa99 FIRE and Money 10 11-11-2014 11:36 AM
I know, I know...Ask a Tax Pro... devo FIRE and Money 2 04-09-2007 08:12 PM
Pro Rata pilgrim555 FIRE and Money 1 01-23-2007 12:30 PM
Pro and Con wood floors. unclemick Other topics 37 03-08-2006 09:52 PM

 

 
All times are GMT -6. The time now is 02:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.