Networthify

Current Income not clear
Should read like after tax income (without looking at assumptions this could create poor calculations)
4 votes 
Error in the results
As you increase the Withdrawal rate, the number of years required before you can retire decreases. There must be an error in the math, as that makes no sense at all.
5 votes 
Add end date
Can you add the month and year of retirement to the output? (In addition to the time until retirement)
1 vote 
Canada RRSP dewduction on gross pay
HI!
In Canada, the taxes can be deducted if you make a contribution to a RRSP account. This muddies up the easy math of "Net take home pay" because my take home pay includes a tax return AND savings in a RRSP.
Would be nice to sort this out more efficiently. Right now I don't see how?!
1 vote 
ROI Calculation
I'm sure the ROI calculation is correct, I'm just not fully understanding how you came to the conclusion that you did. If I bring in 20k and can save 50% (with a savings rate of 5%), surey the ROI after the first year is 500 rather than the displayed 250?
4 votes 
Add what currency the Calculator is in
I am unable to see what currency the Calculator is in?
1 vote 
your chart is flawed
as i change the withdrawal percentage [see examples 3%  7.7, 4%  4.2, 5%  1.8, 6%  0.0] the more i withdraw, the less time i have until retirement??!? how TF does that make sense... unless i am missing something
20 votes 
Able to include funds already saved
If I've already saved X, that should be included as generating returns.
3 votes 
Manual years to retirment
Instead of inputing "Current savings rate" can you input "desired years to retirment" and then it would give you all the figures needed to get that target?
7 votes 
Allow a different postretirement annual expense
Since many of us plan on retiring abroad thus greatly reducing our annual expenses (and even if we don't move, many of us do reduce expenses a lot), the calculator should not assume by default that the current expense rate is also the postretirement expense rate.
10 votes 
Current Expense Question
Question: Should Current Annual Expenses include the taxes you pay on your paycheck? Your tax rate will go down when you don't have pay check when you retire, so including those taxes seems like over stating the taxes when you are retired.
5 votes 
Take income tax into consideration
Income tax typically higher during working years. Where do you put it? Expenses? If so, this over estimates time needed by assuming your expenses including high income tax during working years will be the same in retirement.
11 votes 
Make a box with tax on investments
I live in Denmark where we pay 28 % in tax on investment gains in the stock market up till the first 48K (in DKK) we gain, and there after 48 % on any gains above 48K. I assume that we danes have to hit a 8 % safety margen before we can retire. Is it possible to make som boxe where we can enter tax on investment and then calculate?
Thx
13 votes 
Bug in calculation
I put in the following values:
Current annual income: 434782
Current annual savings: 334782
Current annual expenses: 100000
Current savings rate: 76% (calculates automatically)
Current portfolio value: 850000It says I can retire in 4.3 years. If I add ONE dollar to annual income and recalculate it says i can retire in 3.8 years with a 78% savings rate. That's a huge jump for 1 dollar.
As another example if I put in 400,000 for income it now says I can retire in 4.1 years. Meaning that making over 30,000 less would result in an earlier retirement date.
10 votes 
take into account inflation somewhere.
My expenses entered are the same year after year. shouldn't they increase by about 3% a year. Or is this somehow balanced with you not including expected wage increases in salary
9 votes 
add the ability to change expenses after retirement.
Our expenses will be way lower during retirement so this calculator doesn't really work for us.
46 votes 
Updated average saving rates for EU countries available (2012)
The European commission published updated avg. household saving rates you might want to implement in your graphs  The current numbers are from 2008.
1 vote 
Add the ability to insert future periods where additional income kicks in.
For instance:
I have a defined benefit work pension starting at time X
I have federal pension starting at time Y
I have a lump sum injection at time Z
That would make this calculator even more wicked!31 votes 
Why does it keep autopopulating incorrectly expenses and savings?
Stop it from autopopulating
1 vote 
Allow for negative return on investment
In times of a 2% inflation goal of the European central bank and roughly 0% interest in most places you should allow for a negative interest rate in your formula.
Having a negative interest rate leads to a lot not NaNs and weird diagram.3 votes
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