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Tax/Financial Planning Software
02-17-2016, 04:51 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Tax/Financial Planning Software
I'm trying to do some estimates for the next decade or so. I've already estimated income and investment return, but I really need to expand. I need a way to estimate returns based on monthly contributions and monthly interest. I also want to test different tax scenarios.
Google is letting me down, so far. Is there any sort of software, online calculator or spreadsheet that would allow me to do this?
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02-17-2016, 05:27 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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,338
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Monthly? No. Why bother with monthly?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-17-2016, 05:33 PM
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#3
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
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I expect your goal of granularity down to the monthly level will be a challenge.
This blog writer uses the term "high fidelity" when comparing various retirement calculators:
The Best Retirement Calculators - Can I Retire Yet?
 Quote:
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If you have substantial assets and need to fine-tune a tax or withdrawal strategy in retirement, or you want to model a range of future life events and compare alternative courses of action, use a high-fidelity calculator.
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__________________
No doubt a continuous prosperity, though spendthrift, is preferable to an economy thriftily moral, though lean. Nevertheless, that prosperity would seem more soundly shored if, by a saving grace, more of us had the grace to save.
Life Magazine editorial, 1956
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02-17-2016, 06:03 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Quote:
Originally Posted by pb4uski
Monthly? No. Why bother with monthly?
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I will be making monthly contributions. My January contribution may gain 7% APY by year end, my December contribution will not. I guess after the first year that would begin to average out?
Sent from my iPad using Tapatalk
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02-17-2016, 06:11 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Quote:
Originally Posted by Htown Harry
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Wow, comprehensive!
Sent from my iPad using Tapatalk
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02-17-2016, 08:08 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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,338
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Quote:
Originally Posted by dixonge
I will be making monthly contributions. My January contribution may gain 7% APY by year end, my December contribution will not. I guess after the first year that would begin to average out?...
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You're trying to leash the ants. Assuming your monthly contributions are the same each month you could take 7% * 1/2 of your contributions and get an answer that is close enough.
Focus on the elephants.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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