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Income Calculator

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Snorvey
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Income Calculator

#256770

Postby Snorvey » October 9th, 2019, 12:46 pm

I'm looking for an income drawdown type calculator / projector that can take into account investments & withdrawal rates from all sources (not just pensions) and from any age (i.e. someone aged, say 50, looking to draw investment income before age 55 when they can access pension policies.

I used to have a basic spreadsheet I got from somewhere but I seem to have lost it.

Any recs gratefully received.

kempiejon
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Re: Income Calculator

#256773

Postby kempiejon » October 9th, 2019, 12:57 pm

Snorvey wrote:I'm looking for an income drawdown type calculator / projector that can take into account investments & withdrawal rates from all sources (not just pensions) and from any age (i.e. someone aged, say 50, looking to draw investment income before age 55 when they can access pension policies.

I used to have a basic spreadsheet I got from somewhere but I seem to have lost it.

Any recs gratefully received.


FireCalc would appear to cover this https://firecalc.com/ it does have some short comings but you can account for early retirement and additional income or expenditure and lump sums into the future for a couple or single. I use it in conjunction with my spreadsheets and compound interest/savings web pages to guess my successes of various sums and return rates.

baldchap
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Re: Income Calculator

#256794

Postby baldchap » October 9th, 2019, 2:38 pm

Maybe not quite what you are after (it does have a box for extra income though), but a useful tool especially for those who think , 'just one more year, and I will have enough set by'.

I think someone posted it here before, and I found it a thought provoking tool.

http://engaging-data.com/will-money-last-retire-early/


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