Hello,
I have run my analysis through firecalc and have the results of my Vanguard analysis. Although I realize that firecalc does not include taxes I still can not get good agreement between the two even accounting for the taxes. I know vanguard is rather conservative in their analysis. I'm still $10K/year delta between the two. I've tried putting my vanguard numbers into firecalc and account for taxes but still way off. My portfolio is 750K for 35 years. Plan to retire in two years(at 60 yo)at a spending level of $80K (taxes included). Vanguard gives me a 75% probability of making it. Firecalc has my spending level at $103K (w/o taxes) at 100% success rate. Even if I take off $20k for taxes I'm comparing 100% success vs. 75% success.
Anyone have any suggestions on what I may be overlooking (using constant spending acct for inflation)? Thanks.
I have run my analysis through firecalc and have the results of my Vanguard analysis. Although I realize that firecalc does not include taxes I still can not get good agreement between the two even accounting for the taxes. I know vanguard is rather conservative in their analysis. I'm still $10K/year delta between the two. I've tried putting my vanguard numbers into firecalc and account for taxes but still way off. My portfolio is 750K for 35 years. Plan to retire in two years(at 60 yo)at a spending level of $80K (taxes included). Vanguard gives me a 75% probability of making it. Firecalc has my spending level at $103K (w/o taxes) at 100% success rate. Even if I take off $20k for taxes I'm comparing 100% success vs. 75% success.
Anyone have any suggestions on what I may be overlooking (using constant spending acct for inflation)? Thanks.