The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Goldielocks on October 31, 2014, 12:15:59 PM

http://financialmentor.com/calculator/bestretirementcalculator (http://financialmentor.com/calculator/bestretirementcalculator)
I 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?

Calculators like that are way too simplistic for me.
It doesn't take into sequence of returns risk at all.
www.cfiresim.com is much better, IMO, or even any monte carlo sim, rather than just a consistent return assumption.

Oddly, I like even a simpler calculator than both of these. ...Probably because (for the time being) I'm just trying to ballpark the required FIRE number?
https://networthify.com/calculator/earlyretirement (https://networthify.com/calculator/earlyretirement)
I've read in a few places that 3.8% is a better/safer number to go with than 4%, so that's what I've been going with.

Oddly, I like even a simpler calculator than both of these. ...Probably because (for the time being) I'm just trying to ballpark the required FIRE number?
https://networthify.com/calculator/earlyretirement (https://networthify.com/calculator/earlyretirement)
I've read in a few places that 3.8% is a better/safer number to go with than 4%, so that's what I've been going with.
Yeah, that's a good one when you're a decade out (or 5+ years maybe)  when you get closer/need more precision you'll probably want to switch to some of the more indepth ones.

Oddly, I like even a simpler calculator than both of these. ...Probably because (for the time being) I'm just trying to ballpark the required FIRE number?
https://networthify.com/calculator/earlyretirement (https://networthify.com/calculator/earlyretirement)
I've read in a few places that 3.8% is a better/safer number to go with than 4%, so that's what I've been going with.
Yeah but 3.6% is safer than 3.8%.

Oddly, I like even a simpler calculator than both of these. ...Probably because (for the time being) I'm just trying to ballpark the required FIRE number?
https://networthify.com/calculator/earlyretirement (https://networthify.com/calculator/earlyretirement)
I've read in a few places that 3.8% is a better/safer number to go with than 4%, so that's what I've been going with.
Yeah but 3.6% is safer than 3.8%.
How would 3.4% do? Please get back to me, it's urgent!!!

Oddly, I like even a simpler calculator than both of these. ...Probably because (for the time being) I'm just trying to ballpark the required FIRE number?
https://networthify.com/calculator/earlyretirement (https://networthify.com/calculator/earlyretirement)
I've read in a few places that 3.8% is a better/safer number to go with than 4%, so that's what I've been going with.
Yeah but 3.6% is safer than 3.8%.
How would 3.4% do? Please get back to me, it's urgent!!!
I want to do it on 3.14% and spend retirement eating Pie.

We are spending retirement eating pie  must work out what our current WR is.

Calculators like that are way too simplistic for me.
It doesn't take into sequence of returns risk at all.
www.cfiresim.com is much better, IMO, or even any monte carlo sim, rather than just a consistent return assumption.
Hi. Thanks for the link, I spent a couple of hours checking it out. Now yo get DH on board....