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There are so many on-line calculators that I bump into when I surf the web that I'm not sure which one I like the best if any of them. I like Fidelity's, the one at CNN business and FireCalc. Do you have any preferences? Even with the current mess, I would still like to retire in 2-3 years (59-60) and want to be sure that I have a calculator that takes into account the gap between early retirement and both early ssn (62-63) and a small, not inflation adjusted, defined benefit pension at 66. Regards
The calculator I like best is the spreadsheet I built. That way, I know what the math is that churns out the numbers and they are tailored to my situation.
There are so many on-line calculators that I bump into when I surf the web that I'm not sure which one I like the best if any of them. I like Fidelity's, the one at CNN business and FireCalc. Do you have any preferences? Even with the current mess, I would still like to retire in 2-3 years (59-60) and want to be sure that I have a calculator that takes into account the gap between early retirement and both early ssn (62-63) and a small, not inflation adjusted, defined benefit pension at 66. Regards
I was able to find a great one pre retirement. I know what you mean that most have some sort limitation. Many won't take into account pensions etc. I don't have it bookmarked anymore but will try to search and link it if Ican.
Dinkytown.net has some great financial calculators. I really like their retirement income calculator, but the only problem with it is that it automatically assumes that if you are planning to retire early (like 55) that you will start to collect Soc.Sec. at 62. If you want to wait until 66 to collect then simply adjust your age and your retirement age by 4 years to fool the calculator.
The calculator I like best is the spreadsheet I built. That way, I know what the math is that churns out the numbers and they are tailored to my situation.
I made one of those too. I have several years linked together. It's very disciplined yet very flexible. With this, I know where I stand financially at all times. Everyone should have one.
i like firecalc and fidelities.... for the nuts and bolts and structure of how to deploy the money i like ray lucia and his buckets of money planner and system
i would becareful using any online calculator as they count on at least some of the events of the past holding true , such as bonds being up in a recession . we are now in a time when bonds are down big time except treasuries , money markets are 1% and stocks lost more in one year then they typically do in 3 down years... .... as this perfect storm we are in is teaching us that going forward may be very different then the past....
we now have exceeded a decade with no stock market returns to speak of and going forward may produce way less in gains then the past long term averages
while most calcultors revolve around a 4% or so withdrawl rate based on a long term 7% return and 3% inflation to achieve a 95% success rate that may be unrealistic to achieve going forward....
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That way, I know what the math is that churns out the numbers and they are tailored to my situation.
