Comments on: The Million Dollar Age Grid

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Wed, 23 May 2018 19:51:42 +0000

Hey Kenneth, you may want to check out this F.I. calculator I built that lets you adjust starting amount, rate of return, and withdrawal rate: https://fourpillarfreedom.com/four-visuals-volume-1-financial-independence-calculator/

By: Kenneth LaVoie

Kenneth LaVoie — Sun, 20 May 2018 11:58:01 +0000

I’d love to see a grid where you can add
1. Current investments. (this chart assumes starting at 0)
2. See what that million will give you with a SWR of 4% adusted for inflation

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 24 Dec 2017 18:47:20 +0000

In reply to Edward. A diversified portfolio of stocks has had historical returns of roughly 7% per year. In this grid, I assume that your savings are invested in equities, not just sitting in a savings account earning 1% or less in interest annually. Thanks for the question! :)

By: Edward

Edward — Sun, 24 Dec 2017 13:34:54 +0000

Where are you getting a 7% interest rate? If that were available, we’d all be saving.

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 27 Aug 2017 23:19:11 +0000

In reply to AHAN. AHAN, that's a great point. Now that I'm running the numbers again in Excel I see that you're correct. I'm not sure why the interest from the prior year was being subtracted. Fortunately the numbers for the interest are small enough that the grid essentially has all the correct numbers in it still. Thanks for pointing that out!

By: AHAN

AHAN — Sun, 27 Aug 2017 04:56:49 +0000

Hi interesting chart you got here, i am trying to work out a similar chart where i can tweak the annual rate of return.
Understand your chart were calculated based on compounding effect, but any reason you are deducting the interest earned in the previous year in the total $ column?
i.e. as at the end of 2 years , i would have (25680+24000)*1.07=$53158, but yours calculated were $51478 (deducting the interest earned in previous year). Is there any particular reason?

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 13 Aug 2017 11:18:09 +0000

In reply to Steveark. That's awesome to hear you can confirm the numbers for the chart through your own experience! And I agree with you - discipline is the one trait that can allow anyone to become a millionaire given enough time.

By: Steveark

Steveark — Sat, 12 Aug 2017 03:07:17 +0000

That’s very interesting, and
my experience bears it out. Saving what I did the chart hits almost to the year my first million in investments. It shows that normal people with a little abnormal discipline can’t avoid becoming millionaires.