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Investment Fees in Firecalc
Old 10-23-2009, 02:54 PM   #1
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Investment Fees in Firecalc


I use Firecalc to determine an initial spending amount (to be inflation-adjusted going forward) that will result in a 95% success rate for 30 years.

My question is:

Does this initial 95%-successful spending amount already have the investing fees (or expense ratio) factored in? In other words, I don't have to reduce this 95%-successful spending amount any further to account for my investment fees, correct? Because I have already entered my investment fees into the "My Portfolio" page of the calculator, the calculator has already taken my investment fees into account and reduced the 95%-successful spending amount it gives me on the Results page accordingly, correct?

Bottom line: If I want, I can spend the entire 95%-successful amount (less taxes, of course) without needing to spend less to account for the investment fees I already entered into the calculator, right? The calculator has already made the adjustment for me and gives me a 95% safe NET spending amount AFTER the investment fees, correct?

Sorry for asking this question more than once, but I just wanted to be 100% clear and sure about this point. It's an important one.


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Old 10-23-2009, 03:08 PM   #2
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Location: Texas
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In the "Your Portfolio" area of FIRECalc, there is a place for you to enter investment fees (expense ratios).
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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