The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: SnackDog on June 11, 2013, 04:01:54 PM
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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
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I just played around with it for the first time and I don't have anything to add, except here's the link for other readers:
https://personal.vanguard.com/us/insights/retirement/financial-engines
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Just tried it too, agree that it's very opaque.
One reason for the starting withdrawal being high is that they include a generous estimate of Social Security, but even with that it included it does seem high to me.