Firecalc Inflation question
This may be a silly question, but I cant seem to find the answer.
If I plug in $100,000 as my spending on a portfolio of $1,000,000 and a retirement year of 2030, with a duration of 30 years, does Firecalc assume the $100,000 spending is in TODAYS value, or does it index it to inflation and assume a higher value in 2030?
Does this make sense? In other words, is my spending in todays dollars in 2030, or would I need to plug in $175,000 annual spending to project 3% inflation of my $100,000?