Originally Posted by Semiretired2008
I understand CPI, but if you use a personally selected % for inflation does Firecalc use the assumed CPI for lets say SS and then withdraw from your portfolio to make up the difference? And how does it handle other Retirement Income that you input into the calculator?
I'm reasonably sure Firecalc uses whatever inflation rate you select for both SS and other Retirement Income.
To check this, maybe do some test runs with a varying inflation rates using 30,000 annual spend, a 10,000 portfolio and 30,000 in SS beginning this year. Then do the same with 0 SS and 30,000 in pension starting this year (be sure to check the inflation adjust box).
The results graphs showing the ending values of your $10k portfolio should give you a good indication of how inflation was handled.