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FIRE Calc and deferred money
Old 06-29-2016, 01:25 PM   #1
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FIRE Calc and deferred money

I have been trying to figure out how to retire for quite a while now and just can't seem to get the confidence that I can. Does anyone know if the FIRE calculator considers tax deferred money in the calculation or know of one that does? I have a fairly large and rapidly growing IRA balance and not a whole lot of post tax money. The money is rolling over to the IRA from an employee stock plan annually. I'm 55 and my wife is also 55 so I'm looking at penalties to touch that money and that has to be figured in somehow. I know about 72t and the age of 55 rule and that could help. Seems like I spend 1/2 the day trying to figure out how to retire and the other 1/2 wishing I would get fired because that would make the decision easier! We're debt free except a new mortgage. Had we not made that move I think I would have gone in October but that changed things a bit so now I'm totally unsure again.

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Old 06-29-2016, 01:33 PM   #2
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Join Date: Jun 2002
Location: Texas Hill Country
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FIRECalc does not differentiate between tax deferred and post-tax dollars - to FIRECalc your portfolio is simply a sum of money. You need to consider what taxes you will pay once retired and include them in your annual expense figures as a (tax) expense.
Numbers is hard.

Retired in 2005 at age 58, no pension

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