Fatcat
Confused about dryer sheets
Hi all,
Apologies if this is a repeat and/or dumb question, I couldn't immediately see what I was after knowing in the thread list.
So, scenario: if I use Firecalc and come up with a 'number' for my retirement, and then live that financial life for 1 year. The stock market just happens to dip by 15%.
I come back to Firecalc 1 year later with my reduced portfolio and my number of retirement years 1 year less. I input those numbers.
Should/would I expect to generate the same result i.e. same number of successful cycles? I'm not sure if the tool can really be used this way, but it'd certainly be handy/reassuring if it could be!
Thanks
Apologies if this is a repeat and/or dumb question, I couldn't immediately see what I was after knowing in the thread list.
So, scenario: if I use Firecalc and come up with a 'number' for my retirement, and then live that financial life for 1 year. The stock market just happens to dip by 15%.
I come back to Firecalc 1 year later with my reduced portfolio and my number of retirement years 1 year less. I input those numbers.
Should/would I expect to generate the same result i.e. same number of successful cycles? I'm not sure if the tool can really be used this way, but it'd certainly be handy/reassuring if it could be!
Thanks