Is there a way to trick Portfolio Visualizer to account for taxes?

[Cincy_1988]

Portfolio Visualizer appears to account for RMD (I don't know if it assumes RMD starts at 72 or 73) but not for taxes (federal & state income taxes or investment taxes).

As a way to account for taxes, does it make sense to use withdrawal amount = amount needed to cover actual expenses + estimated income taxes + estimated tax on investment return?

Thanks in advance!

[the_wiki]

Yeah, you just set withdrawal amount to be enough to cover taxes. Because that’s how it works in the real world, too. If you need $40k and you will owe 20% taxes, you have to withdraw $50k.

[Cincy_1988]

Thank you!

[Round]

Doesn’t portfolio visualizer account for taxes if you select after tax returns on the tax treatment tab? It seems to overestimate using the highest tax bracket.