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Fidelity 5 question FIRE calculator - # of yrs left to retirement
07-06-2020, 08:48 AM
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#1
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Recycles dryer sheets
Join Date: Mar 2018
Location: Baltimore
Posts: 77
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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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07-06-2020, 02:07 PM
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#2
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Recycles dryer sheets
Join Date: Mar 2018
Location: Baltimore
Posts: 77
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I found it in case anyone is interested. Fidelity.com/fire starter/savings-rate
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07-06-2020, 04:45 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,335
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Fidelity.com/fire starter/savings-rate
this is a broken link
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07-06-2020, 05:02 PM
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#4
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Recycles dryer sheets
Join Date: Mar 2018
Location: Baltimore
Posts: 77
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07-06-2020, 06:32 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,335
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 Quote:
Originally Posted by AreWeThereYet0
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thanks
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07-06-2020, 06:40 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Hehe, I ran that and it told me to work another year.
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07-06-2020, 07:36 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 2,555
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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.
__________________
Balance in everything.
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07-06-2020, 10:09 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2016
Location: Washington State
Posts: 2,359
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Quote:
Originally Posted by HNL Bill
This 'calculator' doesn't seem to take into account SS, pensions, or any type of regular income, post-retirement.
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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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07-06-2020, 10:42 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
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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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07-07-2020, 06:03 AM
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#10
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Recycles dryer sheets
Join Date: Jun 2018
Posts: 176
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07-07-2020, 06:18 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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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.
__________________
FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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07-07-2020, 07:07 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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Dang! Got to find me a job. 13 years!
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07-07-2020, 07:07 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Says I'm good to go. I can sleep well now.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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07-07-2020, 07:34 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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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?
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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07-07-2020, 07:40 AM
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#15
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Recycles dryer sheets
Join Date: Mar 2008
Location: Bangkok
Posts: 234
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Quote:
Originally Posted by AreWeThereYet0
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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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07-07-2020, 07:43 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Been retired 7 years and now I need a job! Oh he!! No!
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07-07-2020, 07:55 AM
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#17
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Full time employment: Posting here.
Join Date: May 2013
Posts: 727
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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...
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
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07-07-2020, 08:03 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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Quote:
Originally Posted by chris2008
Not too bad for me:
It told me I am ready to retire!
We did so 7 years ago....
;-))
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Exactly the same for us!
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07-07-2020, 08:30 AM
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#19
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Full time employment: Posting here.
Join Date: Sep 2007
Location: Portland
Posts: 584
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Yikes, it said I need another 4 years. Oh uh.
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07-07-2020, 08:40 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Oh No!
I need to work for 7 more years.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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