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)
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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?