It looks like with the fire calculators, (CFireSim and FireCalc) dividends are not supposed to be counted separately as income.
Ex: if I expect to live on 70K a year and I expect to get a 30K dividend, I cant count the 30K dividend as income and call the remaining 40K as 4% of 1,000,000. Instead I have to accept a historical market dividend amount and my 1,000,000 would calculate as too little to support a yearly 7% withdraw.
Can anyone confirm this that has gone through the data?