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  1. Not working properly

    If i have annual income of 100,
    I have annual expenses of 100 000,
    and I have a portfolio of 2 000 000.
    My annual return are 1 % and my withdrawal rate 4%.
    According to the calculator I could have retired 6½ years ago.
    This is simply not correct. A 1% return is 20 000 and that is not enough to cover my expenses of 200 000. Something is wrong here.

    Besides it not working properly, it's a great tool and I thank you for putting it up! :)

    33 votes
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      1 comment  ·  Admin →
    • 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!

      27 votes
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      • 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.

        27 votes
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        • Withdrawal rate is backward

          I put in a set amount for expenses every year in the calculator -- required field. Using that amount as the standard for all situations, the calculator says you can retire sooner and sooner the higher the withdrawal rate. That isn't correct. People should be planning for lower withdrawal rates to account for a bad economy, not higher withdrawal rates. Telling them they can retire sooner the more they spend is seriously bad advice. At higher withdrawal rates, you run out of money sooner. The calculator even says I could have retired years ago when I had the return rate…

          22 votes
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          • Add debt payoff

            It would be amazing to figure the mortgage payoff in this scenario. It seems like a good move to make before retiring. I understand there are a lot of factors (principal, interest rate, timing and amount of payments) but I figured you might be up for a challenge!

            15 votes
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            • Allow for salary (and income) increases

              E.g. 20k for 4 years, then 30k (and increase of 5k spending) for 8 years etc.

              13 votes
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              • Create tooltips for each input box

                It would be great to have some explanation of how to fill out the form and what each input box means. Links to more in depth explanations would be good too.

                9 votes
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                • 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

                  8 votes
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                    1 comment  ·  Admin →
                  • 7 votes
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                    • 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

                      6 votes
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                      • 5 votes
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                        • Errors with data

                          Hi. Like the tool and appreciate you sharing it. Encounter inaccurate information and what appears to be a glitch when entering in data. No problems entering in the income field. But when entering in annual savings regardless of the amount entered, after doing so it automatically changes the data in the subsequent field which is the annual expenses field.

                          Don't know why but these automatic changes are wrecking havoc with my results and estimations. Any chance this tech issue can be examined and repaired? Thanks!

                          5 votes
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                          • Fix/clarify signup process

                            Signed up for service, got taken to page with existing transactions. Not sure if they are supposed to be sample transactions, or if i'm accidentally seeing another account's.

                            4 votes
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                              1 comment  ·  Admin →
                            • Add an input for income in retirement

                              I have several sources of income in retirement that do not come from my investment portfolio, including rental income and music royalties. Others might have social security or a pension. With the current retirement calculator I need to reduce my expenses by my additional income to get an accurate number. It would be nice to leave the expenses as your actual expenses and add in the additional income as a line item in the calculation.

                              4 votes
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                              • 4 votes
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                                  1 comment  ·  Admin →
                                • 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: 850000

                                  It 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.

                                  4 votes
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                                  • Allow a different post-retirement 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 post-retirement expense rate.

                                    4 votes
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                                      1 comment  ·  Admin →
                                    • 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.

                                      4 votes
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                                      • Explain if net worth should include primary residence.

                                        Should users include equity in real estate?

                                        3 votes
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                                          1 comment  ·  Admin →
                                        • 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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