Quote:
Originally Posted by braumeister
FWIW, that is exactly what FIRECalc is designed to do. Have you spent much time using it?
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Quote:
Originally Posted by Eric S
Not enough, it seems! ...
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Quote:
Originally Posted by Dtail
Why not run your numbers through Firecalc and let us know the results.
Many of us can answer detailed questions about the results, or how to input unusual items.
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Input your situation into FIRECalc assuming no house purchase, following the tabs along the top for Other Income/Spending (which would include Social Security), etc.
The under the Investigate tab, select the option for FIRECalc to solve for a spending level at a given level of success (95% is the default)... see first picture below. Then Submit and you'll see a graph similar to the second picture below (based on FIRECalc's default assumptions).
Then reduce the starting portfolio balance for an amount that you might spend on a house and see if you think you can live with the resulting safe spending level.... trial and error making changes until you have somehting that you can live with.