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Firecalc .. a Good Reason for OMY ?
10-18-2018, 06:12 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
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Firecalc .. a Good Reason for OMY ?
When I run Firecalc for a 40 year retirement starting at 2020, it says 100% success but the remaining nest egg balance will only be $2,700+. I move the retirement year to 2021 with all data input constant, and it says 100% success again, but now - remaining nest egg is $585,000+.  I guess this supports the OMY logic.
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10-18-2018, 07:57 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,496
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That is a strange result. I just tried it with the default values and the average ending portfolio only changed by 10%. Would need to understand your actual inputs to comment further.
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FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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10-18-2018, 08:02 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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 Quote:
Originally Posted by USGrant1962
That is a strange result. I just tried it with the default values and the average ending portfolio only changed by 10%. Would need to understand your actual inputs to comment further.
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Elementary. cyber888 currently makes $582,300 a year! 
-ERD50
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10-18-2018, 08:09 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,496
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Quote:
Originally Posted by ERD50
Elementary. cyber888 currently makes $582,300 a year!
-ERD50 |
Nice!
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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10-18-2018, 09:21 PM
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#5
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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: 36,376
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Quote:
Originally Posted by ERD50
Elementary. cyber888 currently makes $582,300 a year!
-ERD50 |
At that rate, i might consider OMY.
__________________
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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