Compare i-orp to firecalc

[Rianne]

Just to throw fuel to the fire

Without using the investigate tab, entering:
70K portfolio
50K spending
30 years

80K pension starting in 2019

No SS, and all else the same 60/40 etc.
100% result
End of RE, $70K low to $5,101,116 high
That is interesting

 

[Dtail]

Just to throw fuel to the fire

Without using the investigate tab, entering:
70K portfolio
50K spending
30 years

80K pension starting in 2019

No SS, and all else the same 60/40 etc.
100% result
End of RE, $70K low to $5,101,116 high
That is interesting

Well the 70k low number makes sense (meaning it can't be lower, although should be higher), since you have a 80k pension which will provide you with all your spending needs in retirement, thus your portfolio will have to end up no lower than 70k.

This is another quirk with Firecalc, in that the lowest ending portfolio will never be above the portfolio at the start of retirement.

 

[Rianne]

Well the 70k low number makes sense (meaning it can't be lower, although should be higher), since you have a 80k pension which will provide you with all your spending needs in retirement, thus your portfolio will have to end up no lower than 70k.

This is another quirk with Firecalc, in that the lowest ending portfolio will never be above the portfolio at the start of retirement.

Actually, $0 portfolio works to 100%
End of RE balance is now:
$0 to $4,635,720
Edit: Is firecalc assuming you invest the $80K pension?

 

[USGrant1962]

Actually, $0 portfolio works to 100%
End of RE balance is now:
$0 to $4,635,720
Edit: Is firecalc assuming you invest the $80K pension?

Interesting, yes it is actually. You can see that by checking "optionally provide data and formulas in a spreadsheet format" on the Investigate tab. Then looking at the spreadsheet.