Start Here > Spending - at todays rate?

[FIREsteve]

I'm using the FIRECalc to look at a retirement date 10 years from now. I know what I want my annual spending power to be at todays rates, do I enter that value, or do I enter an inflation-adjusted figure for what I think this will need to be at the point I retire?

 

[Gumby]

FIRECalc adjusts everything to today's dollars. So, in the spending box, put the current amount. It will escalate your spending for inflation.

 

[FIREsteve]

FIRECalc adjusts everything to today's dollars. So, in the spending box, put the current amount. It will escalate your spending for inflation.

Thank you

 

[braumeister]

If you're new to FIRECalc, it can be very instructive to read through the instructions. Go through all the text here and you'll immediately be able to use it fully.

https://firecalc.com/intro.php