I've started playing around with an FIRECalc (the one linked to from MMM).
I've been putting in all sorts of random numbers and it's quite interesting but I'm not quite sure how to put in my real situation.
I have property (that I don't live in) worth roughly $1,000,000 and I have roughly $650,000 worth of mortgages on them.
In addition I have about $70,000 worth of money split between a super fund and a managed investment fund (which I'm looking into switching to an indexed fund).
What I want to know is does it make sense to put $420,000 in as my portfolio number? Obviously most of that is tied up in mortgaged properties and I can't get anything like that amount out (because of capital gains tax).
It would be pretty sweet if that is how it works because in that case the calculator is predicting I've got a 91% chance of being ok if I retired in 4 years time! (and planned to live to 90).
I know the calculator is based on you having your portfolio based in stocks/bonds. I'm just wondering if there's a sensible way to get a figure based on having all the property.