http://financialmentor.com/calculator/best-retirement-calculatorI read an article in the globe and mail about why 4% simple calculation is good, but a bit too simple.
If you want to see how varying incomes and withdrawals affect your income stream, this is the one suggested to use.
I like being able yo put my RE numbers in, and allow for home sale in 15 years and DH income until he retires.
Check it out.. What are your thoughts?
More importantly, what numbers to use for inflation, govt pension col increases, and rate of return?
I used 2% inflation, 1% govt col increases on old age pensions, and 5% (including inflation) annual rate of return.
Your thoughts?