How Does Inflation Adjusted Work
My question is how to input into FIRECalc an expected addition to my portfolio that will be, for example, $200,000 in year 24? The worksheet says it will use inflation adjusted numbers. What does that mean for my situation? Should I just enter the $200k in year 24 or enter an amount that is adjusted down for year 1 so that it would roughly equal $200K in year 24 (i.e at 3% inflation, it'd be worth about $100K in yr 1) and so would enter only $100K in year 24. May be making this more complicated than needed but appreciate your help so I don't over/under estimate the effect of this addition in the future. Thanks.