Good calculators available?

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macandal
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Good calculators available?

Post by macandal » Fri Jan 11, 2019 12:36 pm

Are there any good calculators out there or not? If you want to see when your retirement savings will reach a certain amount or want to know what they will be worth by the time you retire, are there any good calculators for this?

Thank you.

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sunnywindy
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Re: Good calculators available?

Post by sunnywindy » Fri Jan 11, 2019 12:47 pm

Powered by chocolate!

Teague
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Re: Good calculators available?

Post by Teague » Fri Jan 11, 2019 1:03 pm

There are lots of good calculators out there. You can take a look here:
https://www.bogleheads.org/wiki/Retirem ... d_spending

Of course, the problem is that there are no great calculators out there, because no one knows how to predict the future very well.
Semper Augustus

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macandal
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Re: Good calculators available?

Post by macandal » Fri Jan 11, 2019 1:47 pm

Teague wrote:
Fri Jan 11, 2019 1:03 pm
There are lots of good calculators out there. You can take a look here:
https://www.bogleheads.org/wiki/Retirem ... d_spending

Of course, the problem is that there are no great calculators out there, because no one knows how to predict the future very well.
Oh, boy. Good examples of "be careful what you ask for..." Let me simplify this, in your opinion, which is the best, most accurate calculator out there (that's also simple to use)?

Thank you.

chuckb84
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Location: New Mexico

Re: Good calculators available?

Post by chuckb84 » Fri Jan 11, 2019 1:58 pm

macandal wrote:
Fri Jan 11, 2019 1:47 pm
Teague wrote:
Fri Jan 11, 2019 1:03 pm
There are lots of good calculators out there. You can take a look here:
https://www.bogleheads.org/wiki/Retirem ... d_spending

Of course, the problem is that there are no great calculators out there, because no one knows how to predict the future very well.
Oh, boy. Good examples of "be careful what you ask for..." Let me simplify this, in your opinion, which is the best, most accurate calculator out there (that's also simple to use)?

Thank you.
I like this one.

https://www.i-orp.com/CashAcc/extended.html

dbr
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Re: Good calculators available?

Post by dbr » Fri Jan 11, 2019 2:35 pm

macandal wrote:
Fri Jan 11, 2019 1:47 pm
Oh, boy. Good examples of "be careful what you ask for..." Let me simplify this, in your opinion, which is the best, most accurate calculator out there (that's also simple to use)?
I don't think any of the calculators is good enough or accurate enough to be called "the best, most accurate." I tend to just generally send people to have a look at FireCalc to get a feel for what these calculators do. After that the choice may have more to do with what variations in input you want the model to consider, how specific the model might be regarding your portfolio, how the output is presented and so on. A separation among calculators is between those that use Monte Carlo simulation and those that make projections of historical data. I prefer basing results on historical data because I think it is a more realistic representation of the crazy behavior of actual investments. I also do not understand how to use a calculator that asks the user to input estimates for future investment returns. Half the problem is to figure out what those might be, a problem directly addressed by historical data methods.

mountainsoft
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Re: Good calculators available?

Post by mountainsoft » Fri Jan 11, 2019 9:43 pm

My favorite calculator is the downloadable version of the Flexible Retirement Planner. I like that it saves my entries so I can go back again and again to compare changes. I also like that I can enter multiple income and spending options and experiment with different scenarios by quickly selecting the ones I want to try.

https://www.flexibleretirementplanner.com/wp/download/

However, I periodically double-check my calculations with the FireCalc calculator.

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tennisplyr
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Re: Good calculators available?

Post by tennisplyr » Sat Jan 12, 2019 8:23 am

Those who move forward with a happy spirit will find that things always work out.

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