Networthify

  1. 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.

    10 votes
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  2. 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
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  3. 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
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  4. 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
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  5. 1 vote
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  6. 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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  7. Allow for Ages & IRS Rules

    For example if I put in my current savings, portfolio value and Income data - I derive at 7 more years until retirement. However, given my assets are in a 401k they cannot be touched without penalty until the year in which I turn 55. So, being 35 yrs old - 42yrs old is not a viable option unless it can account for tax deferred and taxable account portfolios separately. I would think this would be the case for most Americans saving in a 401k or tax advantaged retirement account. It would be great if the IRS rules could be…

    3 votes
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  8. 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.

    8 votes
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  9. change "Show less options" to "Show fewer options"

    "fewer" is number, "less" is degree.

    just a grammar tweak. not trying to be a jerk, just noticed it.

    1 vote
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  10. Your security certificate expired

    Please fix it. This site is great!

    1 vote
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  11. Make a graph to show the correlation of (at a given income level) percent savings to years to retirement.

    This graph will underline the importance of the saving rate independent of income.

    1 vote
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  12. Manual Years To Save

    It'd be great if you had the option to select the number of years you wish to save at that rate, and highlight the year you can retire at. I'd like to see when I can hit FIRE, with boosted expenses after I retire. (Spend only 20K leading up, but see where I can spend 40K in RE on the chart)

    1 vote
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  13. Calculate my retirement age

    It'd be fun if you could enter your current age and it spat out the age you would retire, instead of the number of years till retirement!

    1 vote
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  14. Incorporate run-down of assets, which would reduce required assets substantially.

    while it is nice in theory to be able to live entirely off of the returns your portfolio generates, it is impractical for 99 percent of the population. Most people will need to plan on some run-down of assets in their later years, which substantially reduces the assets one needs to retire. If you want, you could make your calculator include a "desired bequest" amount in order to preserve some capital for future generations.

    1 vote
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  15. 2 votes
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  16. 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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  17. when can i retired

    i think that ROI isn´t calculated well

    1 vote
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  18. 7 votes
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  19. 5 votes
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  20. Fix Sign-up and Log In forms

    There is currently no way to retrieve a forgotten password attached to an email address.

    Also, the log-in/sign-up forms do not dot out the passwords - they are left visible.

    1 vote
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