The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: FastStache on April 16, 2014, 01:17:55 PM

My goal is to FIRE when I reach 2 million. Are there some nice calculators to estimate when I will hit this number given my current portfolio and what I save per month?
Right not I just put in my numbers into excel and play with different returns given maxing out my pretax 401K and roth ira.

i find the calculators here very useful:
https://www.dinkytown.net/

Those are nice calculators for sure. Definitely the ones with the most tax features I've seen.
I was hoping to find something like firecalc, but for the acquisition phase.

I was hoping to find something like firecalc, but for the acquisition phase.
FIRECalc has a basic feature for this  see the "Not Retired?" tab, enter the actual year you intend to retire, and enter how much you will deposit annually until then. For cFIREsim, you can enter the year you intend to retire at the top, and put your income in the "Income/Savings/SS/Pension" section, with an option to inflationadjust your income or not.
Neither appear to actually produce a retirement year as an output, though, they require you to enter that yourself, and produce a success rate. But you can keep calculating for different retirement years until you find the earliest year with a success rate of 100% (or whatever success rate you wish).