I don't understand why firecalc does not count my fixed pension as a fixed amount so that X is same probability as X + pension (given same number of years and initial balance).
These inputs are made up but the same principle should stand.
inputs
35k spending
650000
46 years
future retirement 2023, add 18k/yr until then
93% chance of success
change inputs to
58K spending, with 23k pension (not infl) begin 2023
success drops to 68
I know I am bad at math but 58K-23K should be the same 35K!
If someone could ELI5 I would be grateful.
These inputs are made up but the same principle should stand.
inputs
35k spending
650000
46 years
future retirement 2023, add 18k/yr until then
93% chance of success
change inputs to
58K spending, with 23k pension (not infl) begin 2023
success drops to 68
I know I am bad at math but 58K-23K should be the same 35K!
If someone could ELI5 I would be grateful.
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