Originally Posted by kyounge1956
Does FireCalc, or any other calculator known to the collective wisdom of E-R.org, allow simulating a retirement plan with income from pension + immediate annuity + dividends (and SS later on) from historical data?
From historical data? No. From hysterical data? Sure
Seriously, while I use many calculators for financial forecasts, my "main" calculator to use is the Retirement Income Planner (e.g. "RIP") from Fidelity (e.g. "FIDO"), which does allow for various income/expense streams going forward, by date.
Future pension? Plug it in, dollars and dates (start/stop). DW starts two small DB pensions in six months.
SPIA? Sure, we have one; just plug it in.
Dividends? Assuming you use Fidelity's Full View (which imports all your/spouses holdings, regardless of FIDO holdings, or not), expected dividends will be captured, based upon actual history.
SS (later on?) Of course; I have DW's SS (at FRA age), my 50% claim against her for 3.5 years (until I turn 70, and claim my own) and my SS statement (adjusted for expected inflation, in the future).
Unlike FireCalc (wich I use as an additional "free tool"), RIP works on Monte Carlo simulation which gives you a "guesstimate" of future results.
In addition, RIP is more detailed in the expense side, since it lets you forecast expenses by month/year of expectations. For instance, we forecast $30/40k per year for travel at the current time, but reduce it each decade as we age, when we expect our travel expenses to be reduced.
OTOH, we increase our "personal assistance" expenses (such as house maintenance - lawn care/snow removal/cleaning services/personal assistants) due to our age, in the future. The expense module is very detailed, but once you do it, you need not modify it unless you actually experience an actual change.
A nice product, at a nice price (free). If you are not a FIDO customer, you can sign on (create a profile) and use it anyway...
Just my answer to the OP.