Originally Posted by obsessed
It appears that you have a couple of mortgages including in your $120k spend. Do those drop off in the next ten years or so? That would help your numbers.
Good point, and if you include mortgage payments in expenses in FIRECalc then FIRECalc inflates those expenes and they never end, so you get flawed success rates.
It would be preferable to exclude mortgage payments (P&I) from spending and reduce the portfolio input into FIRECalc for you mortgage balances... like you pay off your mortgages before retiring... that will provide a truer success rate.
Alternatively, you can include mortgage payments as fixed off-chart spending starting immediatelyand then offset it with a fixed pension entry of equal amount in the year the mortgage ends.... that avoids the inflation of the expenses and provides an end point.