Does FIRECalc by default use real or nominal $

[TickTock]

I input a scenario into FIRECalc earlier today. The results included: "(Note: this is looking at all the possible periods; values are in terms of the dollars as of the beginning of the retirement period for each cycle.)"

Am I interpreting correctly that the above statement means that results are in real (not nominal) dollars?

 

[engineernerd]

Yes. CPI is selected as the default, but you can choose PPI or a fixed constant percent if you like. It's in the "Spending Models" tab.

 

[TickTock]

Thanks!