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Author: mdtls   😊 😞
Number: of 670 
Subject: withdrawal calulator
Date: 09/22/2023 10:57 AM
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No. of Recommendations: 2
https://www.omnicalculator.com/finance/retirement-...

Inline with the great topic of Jim's 'annuitization' being discussed, here is a calculator I found. I have no idea if it functions accurately, but perhaps some of you might play around with it and tell me what you think. I'm always on the lookout for tools that easily surpass my mathematical abilities...which isn't too tough. ;)

If it is accurate, this specific calculator lays out a pretty clear picture factoring growth and inflation.

Whadayathink?

m
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Author: bighairymike   😊 😞
Number: of 522 
Subject: Re: withdrawal calulator
Date: 09/22/2023 8:23 PM
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If it is accurate, this specific calculator lays out a pretty clear picture factoring growth and inflation.

Whadayathink?

m

---------------

The very best calculator is one you write yourself in excel that takes in your exact financial circumstances. If you have those skills I highly recommend rolling your own.

Just from the specifications listed on the left of the panel, there are not nearly enough inputs to produce a finely tuned (and hence realistic) output. One example, the model has one input for inflation. My spreadsheet has three - one for general living expenses, another (higher) inflation rate for medical expenses, and a third that I use as the escalator for SSI payments.
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