I searched around and couldn't find the answer to this... Sorry if this is already covered somewhere!
I am playing with scenarios in which I retire in the future. So, on the "Not Retired?" tab, I'm entering a date that's 10+ away.
I have been entering my current portfolio value on the "Start Here" tab. But, I'm now wondering if I should input what I estimate my portfolio value to be when I actually retire. The reason I think it may be this case is that, on the results graph, my Year 1 portfolio balance always seems to be right around what I'm entering on the "Start Here" tab. Even when I tell FIRECalc that I will retire 50 years from now, on that graph I see my portfolio balance as being right around my current portfolio value in Year 1 of retirement.
Hopefully that question makes sense... I just want to know if I should always input my current portfolio value on the "Start Here" tab, or if I need to put in my best estimate for its future value if I'm not already retired.
Thank you!
I am playing with scenarios in which I retire in the future. So, on the "Not Retired?" tab, I'm entering a date that's 10+ away.
I have been entering my current portfolio value on the "Start Here" tab. But, I'm now wondering if I should input what I estimate my portfolio value to be when I actually retire. The reason I think it may be this case is that, on the results graph, my Year 1 portfolio balance always seems to be right around what I'm entering on the "Start Here" tab. Even when I tell FIRECalc that I will retire 50 years from now, on that graph I see my portfolio balance as being right around my current portfolio value in Year 1 of retirement.
Hopefully that question makes sense... I just want to know if I should always input my current portfolio value on the "Start Here" tab, or if I need to put in my best estimate for its future value if I'm not already retired.
Thank you!