Strange Firecalc Results

[yomar]

Greetings Folks. New to the site and loving all this great info. Plan to ER in 2014 at age 56. Using Firecalc I get a 100% result when I plug in my DW pension of $18K / year starting in 2013. In reality she already started recieving the pension in 2012 but when I plug that in the results drop to 30%. I am confident the 100% result is corrrect but would be interested if anyone knows the mechanics of the model that results in the odd results when I use a 2012 pension date?
Many Thanks.

 

[REWahoo]

FIRECalc will not accept dates in the past, only the current or future years. It ignores any past years, so it isn't including the pension information for 2012, thus the difference in success rate vs. 2013.

 

[yomar]

Ahhh Thank You

Many thanks

 

[ERhoosier]

FIRECalc will not accept dates in the past, only the current or future years. It ignores any past years, so it isn't including the pension information for 2012, thus the difference in success rate vs. 2013.

+1

FWIW- The US SS benefit calc does similar (e.g. ignoring retirement ages before 62 or over 85).