I want help double checking a personal cash flow spreadsheet I have created

[RicDee]

Thanks for all your input

Thanks for all your input,

I didn’t realize how much fun was going to be
asking for someone to double check my spreadsheet

I should have explained that previously I did calculate
How much do I need?
How much do I want?
How much do I have?
How much should I keep in reserve?
How long will it last?
How much should I spend?

But I DID NOT calculate

How much could I spend if I wanted to spend it all?
So I set up a spreadsheet that can do that
And all the other senarios
I’m getting input from some of you (Thanks) and after I update it, I’ll let you know.

In the meantime …. What’s wrong with
Finding out how much you could spend each year if you want to die broke?

Ric

 

[rescueme]

In the meantime …. What’s wrong with
Finding out how much you could spend each year if you want to die broke?

Ric

The main "data points" are missing.

- Tell me what assets you have, to spend in retirement.
- Tell me the date of your actual "departure" ... (no "guesstimates" - only actual dates, if you please).

I'll give you my thoughts on how much you can/should spend.

It's as easy as that ...

 

[REWahoo]

In the meantime …. What’s wrong with
Finding out how much you could spend each year if you want to die broke?

Ric

Nothing, provided you understand there is no way to do so other than spend every penny you have to buy a SPIA or spend your entire nest egg now. Either way you'll be broke when you're dead.

Barring suicide on a planned date, your spreadsheet calculations are a misguided waste of your time.