Hello all,
Hope everyone is doing great. Haven't posted for some time.
My question is about firecalc.
What does 100% success with 2 million left over at 100 year old really mean in firecalc?
I've read that if you have, lets say 95% success rate and you happen to get bad sequence of return, then perhaps taking a few less vacations for a couple of years would be enough to make up for it and you can get back to it as long as the sequence is not a horrible catastrophic thing.
So with 100% and money left over. What does it really mean?
Hope everyone is doing great. Haven't posted for some time.
My question is about firecalc.
What does 100% success with 2 million left over at 100 year old really mean in firecalc?
I've read that if you have, lets say 95% success rate and you happen to get bad sequence of return, then perhaps taking a few less vacations for a couple of years would be enough to make up for it and you can get back to it as long as the sequence is not a horrible catastrophic thing.
So with 100% and money left over. What does it really mean?