Need Help with FIRECALC-Please!!!

[Retire2013]

Please help. I tried but could not figure it out. The first 4 years of my ER, I still have a mortgage so my annual expenses will be higher in the first 4 years. How do I input my data into FIRECALC to reflect this. I want to plan a 30 year ER, with the first 4 years annual expenses at $42K, then from year 5 on, only $27K in annual expenses. Thank you in advance for teaching me how to do this.

Retire 2014

 

[REWahoo]

- Click on the "Other Income/Spending" tab.
- Scroll down to the 'Pensions, "Off Chart" Spending Changes, etc.' section and click on the first 'Pension Income (or off chart spending reduction)' button.
- Insert $15000 (42k - 27k) in the amount box
- Plug in the year the change will take place
- Uncheck the 'inflation adj' box to the right of your entry

That should do it.

 

[Retire2013]

Thank you so much!