jIMOh
Thinks s/he gets paid by the post
Not sure which board to post this at...
I just went thru firecalc (it had been around 2 years, so I decided to have a go).
If I plug in 60k of expenses today I know I would need around 1.2-1.5M saved to retire today. The 1.5 M is std 4% SWR. There was an option "investigate" and it allowed me to plug in "85% success rates" and "leave 100k at end"... it gave me a new graph which I do not understand. Can someone explain?
I am 18 years from FIRE, I would assume I need to move the 60k expense number upward (for inflation) and then the 1.5M number needs to be moved up as well... is there a way for firecalc to do this for me?
In addition I used the "your portfolio" tab and plugged in an allocation of 30% large value, 30% S&P 500, 5% small, 5% small value, 10% lt treasury, 10% lt corp bond and 10% 1 month treasury... it bumped my success rate to 100% (was in the 90's).
Is there any way to iterate this (the back button lost the page) so I can adjust from 70-30 to 60-40 or 40-60 for example?
I just went thru firecalc (it had been around 2 years, so I decided to have a go).
If I plug in 60k of expenses today I know I would need around 1.2-1.5M saved to retire today. The 1.5 M is std 4% SWR. There was an option "investigate" and it allowed me to plug in "85% success rates" and "leave 100k at end"... it gave me a new graph which I do not understand. Can someone explain?
I am 18 years from FIRE, I would assume I need to move the 60k expense number upward (for inflation) and then the 1.5M number needs to be moved up as well... is there a way for firecalc to do this for me?
In addition I used the "your portfolio" tab and plugged in an allocation of 30% large value, 30% S&P 500, 5% small, 5% small value, 10% lt treasury, 10% lt corp bond and 10% 1 month treasury... it bumped my success rate to 100% (was in the 90's).
Is there any way to iterate this (the back button lost the page) so I can adjust from 70-30 to 60-40 or 40-60 for example?