Help on Firecalc - Getting Results That Seem Odd ?

[gamboolman]

Ladies and Gents,

I have a question for the for the Firecalc experts.

It's a great program and we really like it - thanks for making it and we have provided a small contribution to the Firecalc team and glad to do so - again thanks for all the work it must have required to make and to maintain.

Question is this: When I run a Firecalc scenario based on me retiring in 2020 I get 100% success rate - ok good stuff.
However, if I change my retirement date to working one more year and retiring in 2021 - I get a less than 100% success rate??

This seems odd to me? The only variable that I change is the retirement date from 2020 to 2021.

Any thoughts or advice would be appreciated very much.

Thanks, gamboooman...

 

[REWahoo]

I did a couple of runs using the default numbers, delaying the retirement date by one year, and my success rate increased as expected.

Maybe what you are seeing - which isn't what you would expect - has something to do with your specific set of inputs. Have you tried playing around with your inputs (SS, AA, etc.) one at a time and testing 2020 and 2021 success rates to see if that will identify the source of the decline?

 

[sengsational]

If you make the two planning spans the same length by altering the age, that should cure the unexpected result.

 

[gamboolman]

Thanks Sengsational - playing with the age and number of years seemed to make the result make more sense - at least to me.

Thanks, gamboolman...