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Fidelity 5 question FIRE calculator - # of yrs left to retirement
Old 07-06-2020, 08:48 AM   #1
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Fidelity 5 question FIRE calculator - # of yrs left to retirement

someone posted a link to a five question FIRE calculator on Fidelity’s site. It told you the number of years you had left to retirement. I lost the page I had opened and I have searched everywhere and can not locate it. Can someone please provide the link? Many thanks.
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Old 07-06-2020, 02:07 PM   #2
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I found it in case anyone is interested. Fidelity.com/fire starter/savings-rate
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Old 07-06-2020, 04:45 PM   #3
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Fidelity.com/fire starter/savings-rate



this is a broken link
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Old 07-06-2020, 05:02 PM   #4
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https://www.fidelity.com/firestarter/years-to-fi
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Old 07-06-2020, 06:32 PM   #5
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thanks
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Old 07-06-2020, 06:40 PM   #6
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Hehe, I ran that and it told me to work another year.
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Old 07-06-2020, 07:36 PM   #7
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This 'calculator' doesn't seem to take into account SS, pensions, or any type of regular income, post-retirement. It seems to use about a 3.33% WR, at least for my age.
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Old 07-06-2020, 10:09 PM   #8
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This 'calculator' doesn't seem to take into account SS, pensions, or any type of regular income, post-retirement.
Yep, it told me to work another 19 years! Yikes.

With SS and my wife's pension, we're planning to retire in just over 3 years.
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Old 07-06-2020, 10:42 PM   #9
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Not too bad for me:
It told me I am ready to retire!

We did so 7 years ago....
;-))
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Old 07-07-2020, 06:03 AM   #10
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The only way I got the calculator to work was to compute the NPV of our pension and SS and include that number in our pre-tax number. It told me we were good to go now with our current spending level or we could work two more years to increase our spending by 30%.
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Old 07-07-2020, 06:18 AM   #11
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We retired two years ago, and it says we need to work another two years. Should have a spot for projected SS, Pension, and other expected income, but that would only complicate it for most.
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Old 07-07-2020, 07:07 AM   #12
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Dang! Got to find me a job. 13 years!
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Old 07-07-2020, 07:07 AM   #13
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Says I'm good to go. I can sleep well now.
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Old 07-07-2020, 07:34 AM   #14
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Hmmm, I need $5,518,000 and have 29 years before I can retire...but, but I'm already RE. Now what do I do?
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Old 07-07-2020, 07:40 AM   #15
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Thanks for posting the link.

I tried the calculator and think it is junk.

Does NOT consider SS and other annuity pensions.

Biased towards encouraging over-saving and delayed retirement.
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Old 07-07-2020, 07:43 AM   #16
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Been retired 7 years and now I need a job! Oh he!! No!
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Old 07-07-2020, 07:55 AM   #17
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It told me I needed $6.5M and to work for 33 more years (till 91). Why do they even make calculators like this?



I'll just keep on living and hoping that my 2.5% WR continues to work...
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Old 07-07-2020, 08:03 AM   #18
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Not too bad for me:
It told me I am ready to retire!

We did so 7 years ago....
;-))


Exactly the same for us!
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Old 07-07-2020, 08:30 AM   #19
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Yikes, it said I need another 4 years. Oh uh.
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Old 07-07-2020, 08:40 AM   #20
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Oh No!
I need to work for 7 more years.
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