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Retirement Calculators

beebee
edited February 8 in Other Investing
From the Article:
Some calculators are old and janky web 1.0 projects. Some are simply loss leaders for a brand to sell you something. We’ll help cut through the mess and show you the best retirement calculators available today.
I played around with the AARP and the FICalc sites and they seemed informative.

I wish Optimal Retirement Planner (https://i-orp.com) was still active. I liked it's robust inputs options. Anyone aware of it resurrecting itself to individual investors?

https://ptmoney.com/best-retirement-calculators/

Comments

  • Old_JoeOld_Joe
    In the old days this would be a clarion call to ol' MJG and his Monte Carlo calculators.
  • Sven
    Fidelity has a retirement calculator that allows for expected return, inflation and withdrawal rate. Don't know how robust.this calculator is. Vanguard has a calculator too, but it is buried deep inside their website and it has limited input variables. My previous Vanguard said we will be okay even in the worst scenario with below average return and above average inflation.

    In my honest opinion, it is a good exercise but there are too many external variables that can significant impact the outcomes well beyond the historic returns. Thus we will stay conservative and mindful for unforeseen risk.
  • beebee
    @Sven,
    Un-buried:

    https://investor.vanguard.com/tools-calculators/retirement-income-calculator
  • davidrmorandavidrmoran
    It relies on 4% SWR no matter the age, meaning that even if you have likely a decade to live, it doesn’t go higher
  • PRESSmUPPRESSmUP
    @bee

    Yes, I passed the Optimal Retirement Planner around to several people when you placed that in a link a few years back. It really was valuable.

    Related to that, in a Rob Berger post I was reading this morning regarding Tax-Efficient withdrawal strategies, he mentioned a Kitces piece on tax smoothing, which Kitces calls tax equilibrium. That's where you drawn down an IRA even before RMDs to prevent a large future tax bill.

    If I recall, you posted that Kitces study in the same link with the ORP, and I've been following that strategy ever since.

    Here's the Berger item as an FYI:

    https://robberger.com/tax-efficient-retirement-withdrawal-strategies/
  • beebee
    edited February 10
    @PRESSmUP

    That was a great read. I sometimes forget what I post, so thanks for the reminder.

    Information has to be timed to be most impactful.

    Great timing with that one for me.

    Thanks.
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