Are the results of the Investigate option inflation adjusted?

NoiseBoy

Full time employment: Posting here.
Joined
Oct 21, 2013
Messages
512
After keying in my portfolio information I am using the option on the Investigate tab to ask FIRECalc to determine my spending level. I like the results that I get, but I'd like to confirm that the initial number, let's say it's $50k, is for the first year's withdrawal, and FIRECalc is assuming that subsequent yearly withdrawals are adjusted for inflation. Is that correct?
 
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