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FireCalc default year 2015
Old 01-04-2015, 08:47 AM   #1
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FireCalc default year 2015

It is now 2015. When filing out 'Not Retired?" page, the default question for 'What year will you retire?" is 2015.

Assuming that I will retire this year sometime, does FireCalc assume that I have just retired so I will begin withdrawal, or assume the retirement happens at the end of the year therefore no withdrawal?

My number seems to support that it calculates withdrawal beginning 2016 if left as default, but I am not quite sure.
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Old 01-04-2015, 09:17 AM   #2
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FIRECalc calculates withdrawals beginning on January 1 of the year you say you retire. If you use 2015 as the year of your retirement, your withdrawal is calculated as of January 1, even if you run the calculator in December of 2015.
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Old 01-04-2015, 11:05 AM   #3
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Quote:
Originally Posted by REWahoo View Post
FIRECalc calculates withdrawals beginning on January 1 of the year you say you retire. If you use 2015 as the year of your retirement, your withdrawal is calculated as of January 1, even if you run the calculator in December of 2015.
Thanks. I get better results with this calculation. The few months of pay this year will be extra.
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