spending - inflation effects
I'm missing the boat on the income/spending tab of Firecalc. I want to withdraw 10K for savings and to increase that amount by inflation each year. So I clicked on the little box indicating my wish to increase my 10K withdrawal by the inflation rate each year. When I look at the spreadsheet I see the amount is increased by the inflation amount year after year as expected. However, when I unclick the box for inflation amount and rerun the simulation I get the same results. I know that Firecalc accounts for inflation effects but don't understand why the Excel spreadsheet indicates the exact same amount whether I click the box or not.
I am missing something but can't put my finger on it.
Please help. Thanks.
PS: Should I always use 1871 as the date for starting the number of cycles?
Why would you use a later date?