haha
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I am not experienced with FireCalc so this may be a dumb question. Can the floor be redefined, such that a "failure" might be for example a decline to 1/2 the starting portfolio value?
I ran the defaults: $750,000 portfolio, $30,000 pa withdrawal, etc. It says "6 failures" for a success rate of 94.3%, or conversely a failure rate of 5.7%.
But I think I would not be happy with missing a tap-out by a few bucks. Also, I am puzzled by this:
How did I get to (-$300,739) on the least successful path?
Does this mean that I had some non-zero amount at the start of the failure year, and suffered a catastrophic loss in that year?
Also, I am puzzled by this statement
Does this mean That all ouputs that are money amounts are expressed at the same index value as the starting portfolio and the starting withdrawal? So that if I were to run the default today, I would assume that all money outputs are in today's dollar?
Thanks for any help.
Ha
I ran the defaults: $750,000 portfolio, $30,000 pa withdrawal, etc. It says "6 failures" for a success rate of 94.3%, or conversely a failure rate of 5.7%.
But I think I would not be happy with missing a tap-out by a few bucks. Also, I am puzzled by this:
And here is how your portfolio would have ended up in each of the 106 cycles. The range was $-300,739 to $4,259,606, with an average of $1,284,723. (Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)
How did I get to (-$300,739) on the least successful path?
Does this mean that I had some non-zero amount at the start of the failure year, and suffered a catastrophic loss in that year?
Also, I am puzzled by this statement
(Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)
Does this mean That all ouputs that are money amounts are expressed at the same index value as the starting portfolio and the starting withdrawal? So that if I were to run the default today, I would assume that all money outputs are in today's dollar?
Thanks for any help.
Ha