Comments on: This Calculator Tells You How Long You Need to Save Before You Can Retire

By: Zach

Zach — Mon, 13 Aug 2018 14:13:49 +0000

In reply to Tabitha. Definitely do! It's a neat tool.

By: Tabitha

Tabitha — Mon, 13 Aug 2018 14:02:07 +0000

Looks like a really handy tool – will have to check it out!

By: Weekend Roundup: Volume 1 - Financially Free PhD

Weekend Roundup: Volume 1 - Financially Free PhD — Sat, 11 Aug 2018 10:37:33 +0000

[…] This calculator tells you how long you need to save before you can retire – Engaging Data via FourPillarFreedom […]

By: EBS

EBS — Thu, 09 Aug 2018 17:56:55 +0000

Perhaps I’m not understanding the ‘savings’ rate formula on this calculator. Where does ‘Pre-tax’ investments figure into this savings rate? Example: If I max out my 401K and that amounts to 15% of my income shouldn’t that factor into my savings rate?

By: Mrs. Farmhouse Finance

Mrs. Farmhouse Finance — Thu, 09 Aug 2018 11:38:50 +0000

This is very cool. Thanks for sharing it! I love playing around with these calculators. If I teach for 30 years, I’ll be able to retire with a full pension (at age 57). Or I could ramp up my investments and retire earlier with a smaller pension. There are so many different scenarios that I play with, but I like the idea of reaching financial independence earlier and not having to work.

By: Zach

Zach — Thu, 09 Aug 2018 11:03:13 +0000

In reply to APurpleLife. Yeah the historical returns option is particularly interesting to play around with since it gives you a range of possible retirement dates based on historical returns. Very cool to hear that you discovered the calc on a Reddit page as well before you even read this post!

By: APurpleLife

APurpleLife — Wed, 08 Aug 2018 23:17:39 +0000

Awesome explanation of the calculator. I was actually playing with it last night – I think my partner saw it in /r/FI. Some calculators say my current FIRE target in 2 years is crazy, but not this one – I like that 🙂 . The historical returns option is also amazing, but it’s showing there’s a possibility I could retire in 1.2-1.5 years instead of 2 – don’t tempt me calculator!

By: APurpleLife

APurpleLife — Wed, 08 Aug 2018 23:07:59 +0000

In reply to Angela @ Tread Lightly Retire Early. Sounds like you should make a new calculator that has a cash flow option :) . I'd be interested in seeing that!

By: Angela @ Tread Lightly Retire Early

Angela @ Tread Lightly Retire Early — Wed, 08 Aug 2018 18:06:36 +0000

Okay, checking this calculator out because it looks awesome. I like tweaking to 12.5% to show another life option. My biggest issue with retirement calculators personally is a large of our investments are cash flow focused not straight investment returns, so it makes these calculators a little wonky for our personal situation.

By: Zach

Zach — Wed, 08 Aug 2018 17:23:29 +0000

In reply to Financially Free. As you said, you can either increase the gap between income and spending or you could potentially quit before you have 25x expenses saved up. It's good to keep your options open.