Spending levels - am I doing something wrong?
I have gone through Firecalc 3 using the following entries:
Start here tab:
Social security $17124 starting 2040
Add to portfolio $3,420
Inflation assumption CPI
Constant spending power
Total market since 1871, fixed income long interest rate, 64% equities.
The success rate of your portfolio and withdrawal plans
Result: 100% success rate.
But no matter what I do to spending levels on the first tab, I get a 100% success rate. I change it to $250,000, I still get a 100% success rate.
Sounds great, but seems a little unlikely.
Am I doing something wrong, or have I misunderstood how the calculator works?
Thanks for your advice!