Join Early Retirement Today
Thread Tools Search this Thread Display Modes
FireCalc: withdrawals- where?
Old 10-01-2013, 09:43 AM   #1
Full time employment: Posting here.
Tailgate's Avatar
Join Date: Jul 2013
Location: Texas
Posts: 777
FireCalc: withdrawals- where?

Where in FireCalc is your withdrawal percentage rates or amounts entered? I don't see anywhere on any tab that there is a place to calculate any withdrawals from the portfolio? I know this is probably something very simple, but I just can't see it? Probably staring me in the face.. please help..

For example, I'd like to test 2%, 3% and 4% to see how each affect the outcome but I don't know where to do so..

thanks in advance for help!

Tailgate is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-01-2013, 10:17 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 39,206
The very first page in the "Start Here" box: "spending".

Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Old 10-01-2013, 10:37 AM   #3
Full time employment: Posting here.
Tailgate's Avatar
Join Date: Jul 2013
Location: Texas
Posts: 777
thanks for the reply. in looking at this, am I correct to say that:

'at it's basic bare bones approach, if I enter 'spending' as the withdrawal number (say 18k) and do not enter any SSI, Pension or other income on the income page, FireCalc will be telling me the failure/success rate of my withdrawal strategy based only on the portfolio itself?"

meaning, if I get to 100% success on 18k withdrawal rate then if my other income added into the equation exceeds my estimated annual expenses, I've done it correctly?

sorry for rambling.. just trying to wrap my little brain around the initial concept..
Tailgate is offline   Reply With Quote
Old 10-01-2013, 10:46 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 16,439
Yes, assuming the following:

A) You entered your portfolio value on that same tab,

B) Your portfolio is invested approximately 75%/25% equities/fixed, and that your expenses are in-line with the default (0.18%)

C) Your pension is COLA'd.

For "B", you will probably only have an expense ratio that low if you DIY with low cost index funds. If you have an FA that is charging you 1% or so, and putting you in high expense ratio funds, you will need to boost the default fee number. This can make a huge difference.

Foe "C", if your pension is not COLA'd, the buying power decreases over time, so you can't really make the assumption it will keep up. Better to enter it on tab 2, along with SS.

ERD50 is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
$1,000,000 in Firecalc/ 9 withdrawls/10 yr modhatter FIRE and Money 5 09-06-2013 03:57 PM
Use only current or future dates for FIRECalc! REWahoo FIRECalc support 1 07-19-2013 06:58 AM
What I'm doing wrong - Firecalc retire2020 FIRECalc support 6 04-05-2013 09:12 PM
Firecalc vs Fidelity RIP Huston55 FIRECalc support 41 04-25-2012 01:10 PM


All times are GMT -6. The time now is 11:24 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.