SMiller
Confused about dryer sheets
Newb here who has searched for this answer in the forums and can't find it, so apologies if this is a common question.
When I run FIRECalc, I've set the time frame (Years) to 45 years. I plan on retiring in 2029, so 11 years into the future. When I run FIRECalc, I get two graphs. The top is Year By Year Portfolio Balances. It has a time span of 45 years. The info at the top tells me I'll continue contributing to my retirement accounts for eleven years, then the withdrawals begin. Great, makes sense. The bottom graph (because I'm using Bernicke's Reality Retirement Plan on this one) shows Year-By-Year Spending. However, it is also a 45 year time span with spending beginning in year one. Shouldn't my spending for the first eleven years be $0? Or am I missing something obvious? Can't quite figure this one out.
Thanks in advance!
When I run FIRECalc, I've set the time frame (Years) to 45 years. I plan on retiring in 2029, so 11 years into the future. When I run FIRECalc, I get two graphs. The top is Year By Year Portfolio Balances. It has a time span of 45 years. The info at the top tells me I'll continue contributing to my retirement accounts for eleven years, then the withdrawals begin. Great, makes sense. The bottom graph (because I'm using Bernicke's Reality Retirement Plan on this one) shows Year-By-Year Spending. However, it is also a 45 year time span with spending beginning in year one. Shouldn't my spending for the first eleven years be $0? Or am I missing something obvious? Can't quite figure this one out.
Thanks in advance!