Hi,
I have many questions with the FIREcalc, hope you guru's will explain to this beginner.
1. Asking for starting value of portfolio. Is this what my balance is now, or what it is projected to be in 15 years whan I retire?
2. Is it true that the withdrawl rate that is displayed in the results is based on what you select in box 1 (how much do you want), and does not take into account a reduction for say a pension you indicate in withdrawl rate 1?
For example if I put in $850,000 as balance, with taking $100,000 a year out, but also drawing a $100,000 pension and two $10,000 SS for self and spouse. The results show a forst year withdrawl of over 11.00%.
Mark
I have many questions with the FIREcalc, hope you guru's will explain to this beginner.
1. Asking for starting value of portfolio. Is this what my balance is now, or what it is projected to be in 15 years whan I retire?
2. Is it true that the withdrawl rate that is displayed in the results is based on what you select in box 1 (how much do you want), and does not take into account a reduction for say a pension you indicate in withdrawl rate 1?
For example if I put in $850,000 as balance, with taking $100,000 a year out, but also drawing a $100,000 pension and two $10,000 SS for self and spouse. The results show a forst year withdrawl of over 11.00%.
Mark
