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EarlyRetire Pro software?
01-08-2015, 01:04 PM
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#1
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Recycles dryer sheets
Join Date: May 2014
Posts: 109
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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
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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!
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01-08-2015, 01:16 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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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
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01-08-2015, 01:20 PM
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#3
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Recycles dryer sheets
Join Date: Nov 2002
Location: Alajuela, Costa Rica
Posts: 222
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FireCalc and ORP are free and all that we need for our FIRE.
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KISS & STC.
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EarlyRetire Pro software?
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01-08-2015, 01:24 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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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.
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01-08-2015, 01:24 PM
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#5
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Recycles dryer sheets
Join Date: May 2014
Posts: 109
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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....
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01-08-2015, 01:27 PM
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#6
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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You should use it and compare the results with FIREcalc and ORP and report back.
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-08-2015, 01:27 PM
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#7
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Recycles dryer sheets
Join Date: May 2014
Posts: 109
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yes, free trial is good idea.
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01-08-2015, 01:28 PM
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#8
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Recycles dryer sheets
Join Date: May 2014
Posts: 109
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ok Bestwife I will
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01-08-2015, 01:32 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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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.
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Numbers is hard
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01-08-2015, 01:40 PM
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#10
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Recycles dryer sheets
Join Date: May 2014
Posts: 109
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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
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01-08-2015, 01:48 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by bulbar
...I've looked at every free calculator out there and used them all. They all converge on about the same answer...
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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.
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Numbers is hard
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01-08-2015, 01:49 PM
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#12
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Recycles dryer sheets
Join Date: Mar 2014
Location: Islands
Posts: 363
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Quote:
Originally Posted by bulbar
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
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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. . . 
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01-08-2015, 02:06 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,440
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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.
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Learning how to be still, to really be still and let life happen - that stillness becomes a radiance -
Morgan Freeman
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01-08-2015, 02:26 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,495
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01-08-2015, 03:05 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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Quote:
Originally Posted by Lisa99
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.
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Maybe they have some CFPs on staff who can help you sort it out. For a fee.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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01-08-2015, 03:32 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jun 2010
Posts: 2,301
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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.
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01-08-2015, 05:21 PM
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#17
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Recycles dryer sheets
Join Date: Jul 2014
Posts: 333
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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.
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