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Old 11-17-2020, 08:42 AM   #41
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RIP used to be the named Fidelity retirement calculator, so many users still refer to it by its prior name.
The current calculator is effectively the same calculator of a different name.
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Old 11-17-2020, 01:33 PM   #42
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It does not seem to give a score anymore?
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Old 11-17-2020, 03:05 PM   #43
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It does not seem to give a score anymore?
I just ran it and did receive a score. Nothing looked different.
Are you a Fidelity customer?
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Old 11-17-2020, 03:45 PM   #44
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It only gives a score if you are not retired.
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Old 11-17-2020, 03:51 PM   #45
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It only gives a score if you are not retired.

You can sorta fake it out if you just put in a retirement date slightly after current date. Then it will provide a score, even if you are really retired, that is based on results of the simulations from current date forward.
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Old 11-18-2020, 07:50 AM   #46
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It only gives a score if you are not retired.
OK. I got and can confirm this!
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Old 11-18-2020, 08:35 AM   #47
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Longtime Fidelity user here.

I don’t think that Fidelity is using “success rate” in the same way Firecalc does. “Significantly below average”is just the 10th percentile of Monte Carlo outcomes of your initial investments over the time period/length of life you input, with as someone pointed out, a hit to the market when you retire/SORR. You could tweak your spending to make it “successful” at that sig below average figure if you want. This is their ultra conservative model. If you have money left, you are in great shape.

Another thing I learned from Fido on further questioning is that the 10th percentile is used after running your whole remaining lifespan. Initially, I thought “what are the odds that the market would be at 10th% outcome every year for forty years.” But no.

My only complaint about the program is taxes. I have 40 years left until my “end of plan”, and my tax rate will vary significantly over those years, esp with RMDs. You have to input a single figure (fed plus state) that is applied to, in my case, 40 years. So a modest amount of guesswork. And yes, it adds your taxes into your total withdrawals (expenses plus withdrawals) that you can see better in the chart version.
I think Fidelity does not want to get into tax advice/prediction/complex programming.

Overall, one of my favorite programs for budgeting and modeling various expenses at different time points. Worth the hours to dig in.
It seems that taxes are not directly shown in the table. In the withdrawal section, it shows the amount of the expenses without the taxes, with the comparable percentage.

It seems it started the simulation with a heavy cut in the portfolio.
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Old 11-18-2020, 10:58 AM   #48
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You can sorta fake it out if you just put in a retirement date slightly after current date. Then it will provide a score, even if you are really retired, that is based on results of the simulations from current date forward.
Yes that is what I do. Not really different than using Firecalc after retirement.
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Old 11-18-2020, 11:02 AM   #49
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It seems that taxes are not directly shown in the table. In the withdrawal section, it shows the amount of the expenses without the taxes, with the comparable percentage.

It seems it started the simulation with a heavy cut in the portfolio.
Yes, the first year the portfolio appears to be cut anywhere from 8 to 15% based on the years I have been running the program. It is not consistent as to the percentage cut.
This cut is effectively part of the more conservative simulations that the program uses, as part of the non historical loss year sequencing results.
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