Originally Posted by BaseballCoach
Thank you. So all I change is my age on the Bernicke page of firecalc. I'm 38, so I would put in 28. Then all other numbers and inputs are the same. Is this correct? Thanks again.
Yup, that's what I do. But I don't "plan" based on Bernicke, rather I use it as another datapoint to see how I'm doing. Each of the options in FIRECalc is valid within their assumptions, and each should be considered in answering the fundamental FIRE question - "am I comfortable that I can live off my portfolio (including SS and pensions)?".
What FIRECalc/Trinity suggest is that if you could have retired through the Great Depression and The Great Stagflation, you can retire today. To me that's the bottom line. If you think the near
future (see SORR) is likely to be worse than those, just keep working to fund the federal deficit and SS trust fund! But I wouldn't recommend it.