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FIREcalc - what am I not understanding?
Old 12-18-2004, 05:50 PM   #1
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FIREcalc - what am I not understanding?

I am currently 45, wanting to retire in 10 years.
My current nest egg is 730K, anticipating it to be 1.8M when I retire.
I'd like to W/D 50K annually in today's dollars.
I anticipate 40 years in retirement.

What do I put in the first three boxes of FIREcalc? (I don't see where the 50K W/D is adjusted for inflation for the 10 years remaining until retirement)
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Re: FIREcalc - what am I not understanding?
Old 12-18-2004, 08:24 PM   #2
 
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Re: FIREcalc - what am I not understanding?

Quote:
I am currently 45, wanting to retire in 10 years. *
My current nest egg is 730K, anticipating it to be 1.8M when I retire. *
I'd like to W/D 50K annually in today's dollars. *
I anticipate 40 years in retirement.

What do I put in the first three boxes of FIREcalc? *(I don't see where the 50K W/D is adjusted for inflation for the 10 years remaining until retirement)

put 50K in the 1st Box
Put 730K in the 2nd Box
Put 50 years in the 3rd Box (10 years more working and 40 in retire)

In withdrawal Change 1 you need to put in -50K + (-whatever you are saving each year) starting in year 1

In withdrawal Change 2, starting in year 10, you need to put in (+ whatever you entered in Withdrawal Change 1)

Inflation is adjusted by the historical numbers in FireCalc.

Make sense?
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