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Retirement calculator for pensioners??
01-20-2010, 12:12 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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Retirement calculator for pensioners??
I have searched high and low for a retirement calculator where I can input the pension data. One pension I will begin to collect in 2020 (age 50) and one in 2030 (age 59 or 60 depending on which one I start in 2020) - both are COLA'd. There are also VA disability monthly checks, the SS option at 62, my TSP/Def Comp $$ to consider in the calculator. I just have to live long enough! 
The retirement calculators I have found do not have the option of multiple pensions, COLA, or additional income....just flat rate for pensions, and telling me my 401k is underfunded!
Help!
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01-20-2010, 12:27 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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FIRECalc allows for three pensions starting on different dates, and has a box to check for each one if it is inflation adjusted. It also handles social security. You could consider the disability check as a pension for purposes of calculations.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-20-2010, 12:30 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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01-20-2010, 12:56 PM
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#4
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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as well as the above calculators, the Fidelity Income Planner and the Vanguard Financial Engines calculator also have provision to add multiple pensions starting in different years, COLA/NON-COLA
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Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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01-20-2010, 03:18 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 2,171
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Flexible Retirement Planner is an online Monte Carlo simulator. I think it can accomodate all your various income streams, with or without COLA and with different starting dates on each. You can also vary inflation rate, income and capital gains tax rates, the return & standard deviation on your portfolio (which can be defined as taxable, TIRA and/or Roth), whether you keep spending constant despite market downturns, life expectancy and other factors. You can also model "bad luck" events, like a huge market drop the year after you retire, or a decade of high inflation, to see how that affects the outcome.
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01-20-2010, 06:18 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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And there is Otar's spreadsheet/calculator: otar retirement calculator
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01-20-2010, 06:24 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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There is also the basic ESP Planner available here:
https://basic.esplanner.com/
It's a pretty good tool
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01-21-2010, 06:41 AM
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#8
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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: 11,330
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I just calculate my expenses/desires above those covered by the pension and focus on that with FIREcalc.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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01-21-2010, 07:32 AM
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#9
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Recycles dryer sheets
Join Date: Sep 2009
Posts: 353
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Did anyone else read the title of this thread as
"Retirement calculator for prisoners"
?
Probably just me... 
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01-21-2010, 07:33 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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 Quote:
Originally Posted by smjsl
Did anyone else read the title of this thread as
"Retirement calculator for prisoners"
?
Probably just me... |
LOL! There are days when I feel like that! Ahhh, the golden handcuffs - but at least mine are soft & furry at times 
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
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01-21-2010, 08:06 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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Quote:
Originally Posted by kyounge1956
Flexible Retirement Planner is an online Monte Carlo simulator. I think it can accomodate all your various income streams, with or without COLA and with different starting dates on each. You can also vary inflation rate, income and capital gains tax rates, the return & standard deviation on your portfolio (which can be defined as taxable, TIRA and/or Roth), whether you keep spending constant despite market downturns, life expectancy and other factors. You can also model "bad luck" events, like a huge market drop the year after you retire, or a decade of high inflation, to see how that affects the outcome.
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Thank you! This one was the most user friendly for my situation 
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
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