Early Retirement Calculator

[Gumby]

Among other things --

No ability to input additional contributions prior to retirement

Starts Social Security immediately upon retirement, even though not eligible

No way to account for pension income in retirement

Uses a fixed portfolio return -- much too simplistic



I'll stick with Firecalc thanks.

 

[kumquat]

It seems to have a problem. I tell it I have $3M. It doesn't believe me.

 

[junopens]

You are right. The problem is not the amount. The problem is that the calculator has a bug when the input is for a person in retirement (it was optimized for planning, before retirement).
We will fix it and will let you know the new version.
Thanks for trying it.

 

[kumquat]

Frankly, you're wasting you time. The world doesn't need another one of these: DATAQUEST

 

[hellodeli1]

My main gripe with the calculator is that it doesn't factor in contributions investments leading up to retirement. It also appears to overstate the amount needed in retirement, but I didn't investigate it fully.

musings on personal finance

 

[putty]

Frankly, you're wasting you time. The world doesn't need another one of these: DATAQUEST

I actually disagree. As a software guy myself, even though it may be frustrating for you guys, this is an invaluable learning experience for the OP. Yes, he is revinventing the wheel, but he is putting a product out, people are finding errors and offering suggestions. Presumably he is going to go back to the drawing board and make his calculator even better.

Next time he will hopefully come up with a better development plan so he doesn't have to bring bad software to the users, but, hey, he's learning.

Keep working OP. You'll get it if you listen to the feedback.