pacergal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am stumped by a scenario I ran today. DH and I have COLA'd pensions. Our budget is our pensions plus about 20,000 discretionary. Our total budget will be less than pensions and ss when we collect, so (in theory) we would only be taking from investments until we file for SS.
So I ran Firecalc today, with a 35 year timeline, assuming SS at 62 (next year), just for info.
Firecalc is 100%, however, when I ran it for a spending level at 95% success rate, it was less than our pensions and ss combined.
"A spending level of $XXX, provided a success rate of 100%. this spending level is 16% of your starting portfolio. Your spending is assumed to come from any Social Security and pensions you entered, as well as from the portfolio"
This doesn't make sense to me! With investment income added, I would expect a spending amount higher than pensions and ss?
So I ran Firecalc today, with a 35 year timeline, assuming SS at 62 (next year), just for info.
Firecalc is 100%, however, when I ran it for a spending level at 95% success rate, it was less than our pensions and ss combined.
"A spending level of $XXX, provided a success rate of 100%. this spending level is 16% of your starting portfolio. Your spending is assumed to come from any Social Security and pensions you entered, as well as from the portfolio"
This doesn't make sense to me! With investment income added, I would expect a spending amount higher than pensions and ss?