Does anyone else use the Vanguard Financial Engines tool? I've run it a few times for grins but it is sort of a black box. All my investments are with Vanguard so it see all my savings trends, etc. and claims to include company pension numbers. However, when I run it lately it says if I make no changes to current income, savings and investment rates, in 13 years, I will can retire at about double my current pre-tax salary in *uninflated* income.
Return seems high - I estimate it is using a 9% rate of return which would be great if achievable.
Also it appears to use about 6% starting withdrawal rate. Is it assuming I am a chain smoker or what?
Anyone else have insights?
Thanks