Just click on any of the tabs at the top to enter the optional information.Įach tab will take you to a description as well as the place to enter the optional information, but in short: Start Here is this page, where you enter spending, portfolio balance, and years. You can refine the spending and investment assumptions, explore the impact of some of your decisions, factor in all sorts of exceptions, and/or let FIRECalc search for savings or spending levels that will let you meet your goals. But you can change any or all of those assumptions. Without any other information, FIRECalc will assume you want to keep your annual spending about the same for as many years as you specify, you aren't planning on receiving any Social Security or pension, and your retirement portfolio is invested in a "couch potato" portfolio of 75% stock index and 25% bond funds, with a 0.18% fee to the fund. Not sure how many years to plan for? See Vanguard's (Not sure how much you will need? Check the US averages. Seeing the results will illustrate better than thousands of words.Īt the right, enter how much you need, how much you have, and how many full years you want the plan to last (or the calendar year you want the plan to end).Ĭlick the submit button to view the results in a new window. You can get a sense of just how safe or risky your retirement plan is, based on how it would have withstood every market condition we have ever faced. Instead of the results of three different starting points as shown here, FIRECalc shows you the results of every starting point, since 1871. Or any of the past years for which we have data. So much for relying on averages!įIRECalc can tell you how much you would have needed to insure that you wouldn't have depleted your portfolio if things are as bad as 1973. One starts in 1973 (red), another in 1974 (blue), and the third in 1975 (green). Shown here are the year-end balances of three identical portfolios. Retire in the early 1970s, starting with $750,000 and taking out $35,000 each year, and on average you'll do just fine. What you have today, and what it costs you to live, can you retireĪverages don't tell you much at all. Getting a pension or Social Security, and before you have ready This new calculator is now available for all Cashflow Modeller users at NO EXTRA COST!įor further details on the Capital Gain Tax, please contact us.Thinking of chucking it all and retiring early, long before you start Using the above, the onscreen results and professional client report illustrate a Gain/Loss and Capital Gains Tax breakdown per client as well as a full asset breakdown detailing all reliefs applied at an asset level!
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