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Question about FIRECalc Spending Entry
Old 12-27-2016, 10:01 AM   #1
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Question about FIRECalc Spending Entry

I have been playing with the FIRECalc calculator and have a question about the entry for Spending. Should I enter the pre-tax or after-tax amount that I will spend?

Many Thanks,

LuckyDog
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Old 12-27-2016, 10:08 AM   #2
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Pre-tax. FIREcalc considers taxes to be part of your spending, just like groceries, clothing, insurance, etc.
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Old 12-27-2016, 11:49 AM   #3
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What I did is a faux tax calculation based on my other responses (on SS, pension, etc) and then just added the tax to my living costs. Close enough.

Don't forget state income taxes if applicable.
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