My wife, a teacher,
(is having a bad year),
and went to discuss
her (early) retirement & pension plan.
So - we started looking around....
There appears to be tons of different
Retirement Calculators all over the place,
and of course on every financial website...
I'm looking for one that is comprehensive
to take into account all these factors:
the assets avail & our ages...
current portfolio net worth
expected pension amounts
expected SS amounts
expected IRA amounts
I think everyone then uses 4% yearly drawdown
expected monthly/yearly expenses
life expectancy -
then - how much is left over,
or did we happily spend the kid's inheritence :)
What about inflation & equity growth vs bonds vs cash
If all these entries can be manipulated,
then we can determine how much to draw,
or what might be left, or the cushion we need to keep.
Most calculators have been just a simple Yes or No version,
without the underlying details to see the real picture.
- posted 9 years ago