marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,542
July 17:
While running Firecalc for my brother, I was getting some odd results, particularly on the spending level.
As a test, I entered an annual SS of $16,000, beginning in 2014 and a pension of $10,000 beginning in 2014.
I inputted a $25K portfolio and was told that his spending amount was $4,000 per year. The chart was a straight line with no slope.
With a SS and pension income of $26,000 it looks like something is off.
Anyone with any insight.
"FIRECalc Results
Looking for a spending level that will result in 95% success rate . . . . . . . . . . . . . . . [done]
A spending level of $4,000 provided a success rate of 100.0% (114 total cycles, of which 0 failed). This spending level is 16.00% of your starting portfolio. (Your spending is assumed to come from any Social Security and pensions you entered, as well as from the portfolio.)"
While running Firecalc for my brother, I was getting some odd results, particularly on the spending level.
As a test, I entered an annual SS of $16,000, beginning in 2014 and a pension of $10,000 beginning in 2014.
I inputted a $25K portfolio and was told that his spending amount was $4,000 per year. The chart was a straight line with no slope.
With a SS and pension income of $26,000 it looks like something is off.
Anyone with any insight.
"FIRECalc Results
Looking for a spending level that will result in 95% success rate . . . . . . . . . . . . . . . [done]
A spending level of $4,000 provided a success rate of 100.0% (114 total cycles, of which 0 failed). This spending level is 16.00% of your starting portfolio. (Your spending is assumed to come from any Social Security and pensions you entered, as well as from the portfolio.)"