Fidelity 5 question FIRE calculator - # of yrs left to retirement

[AreWeThereYet0]

someone posted a link to a five question FIRE calculator on Fidelity’s site. It told you the number of years you had left to retirement. I lost the page I had opened and I have searched everywhere and can not locate it. Can someone please provide the link? Many thanks.

 

[AreWeThereYet0]

I found it in case anyone is interested. Fidelity.com/fire starter/savings-rate

 

[FREE866]

Fidelity.com/fire starter/savings-rate



this is a broken link

 

[AreWeThereYet0]

https://www.fidelity.com/firestarter/years-to-fi

 

[FREE866]

https://www.fidelity.com/firestarter/years-to-fi

thanks

 

[RobbieB]

Hehe, I ran that and it told me to work another year.

 

[HI Bill]

This 'calculator' doesn't seem to take into account SS, pensions, or any type of regular income, post-retirement. It seems to use about a 3.33% WR, at least for my age.

 

[mountainsoft]

This 'calculator' doesn't seem to take into account SS, pensions, or any type of regular income, post-retirement.

Yep, it told me to work another 19 years! Yikes.

With SS and my wife's pension, we're planning to retire in just over 3 years.

 

[chris2008]

Not too bad for me:
It told me I am ready to retire!

We did so 7 years ago....
;-))

 

[goingtotravel]

The only way I got the calculator to work was to compute the NPV of our pension and SS and include that number in our pre-tax number. It told me we were good to go now with our current spending level or we could work two more years to increase our spending by 30%.

 

[SumDay]

We retired two years ago, and it says we need to work another two years. Should have a spot for projected SS, Pension, and other expected income, but that would only complicate it for most.

 

[PatrickA5]

Dang! Got to find me a job. 13 years!

 

[Dawg52]

Says I'm good to go. I can sleep well now.

 

[Rianne]

Hmmm, I need $5,518,000 and have 29 years before I can retire...but, but I'm already RE. Now what do I do?

 

[samm]

https://www.fidelity.com/firestarter/years-to-fi

Thanks for posting the link.

I tried the calculator and think it is junk.

Does NOT consider SS and other annuity pensions.

Biased towards encouraging over-saving and delayed retirement.

 

[MRG]

Been retired 7 years and now I need a job! Oh he!! No!

 

[Willers]

It told me I needed $6.5M and to work for 33 more years (till 91). Why do they even make calculators like this?



I'll just keep on living and hoping that my 2.5% WR continues to work...

 

[Dash man]

Not too bad for me:
It told me I am ready to retire!

We did so 7 years ago....
;-))

Exactly the same for us!

 

[neihn]

Yikes, it said I need another 4 years. Oh uh.

 

[GravitySucks]

Oh No!
I need to work for 7 more years.

 

[latexman]

I subtracted our pensions and SS’s from our expenses, and it seemed to work fine. Very similar to other calculators.

 

[AreWeThereYet0]

Well for me at least my pension and SS are a long way off and certainly not guaranteed. I am better off not including them in my calculations.

 

[COcheesehead]

Says I can retire now, 0 years left.
Good, cuz Friday is my last day.

 

[Luck_Club]

Stupid beyond belief.

I entered more current assets then it says I need and it says I need 6 more years.

 

[COcheesehead]

I wonder if the folks having issues are entering things correctly. Some are monthly amounts, some are totals, etc.