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Show HN: Investment Calculator – A simple retirement calculator
- alpb 9y agoThe design of this site has a lot of parallels with Wealthfront (https://www.wealthfront.com/ https://www.wealthfront.com/) made me think it's a Wealthfront project.
- andrewmcwatters 9y agowhat's pisses me off about these calculators is they completely ignore deduction limits[-1] and considering the audience here, there's plenty of people who do not benefit at all from contributing to an ira, or even a 401(k) if you plan on retiring earlier than 65 in fact, it's detrimental, compared to the fund flexibility of a standard brokerage i wish people would talk about this more; perhaps there's something i'm missing, but after a certain income threshold, iras and 401(k)s seem like foolish investment decisions [-1] https://www.irs.gov/retirement-plans/plan-participant-employee/2018-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work https://www.irs.gov/retirement-plans/plan-participant-employ...
- astura 9y agoUse can use the Roth conversion ladder to access retirement funds early. https://www.moneyunder30.com/roth-ira-conversion-ladder https://www.moneyunder30.com/roth-ira-conversion-ladder You can use a Backdoor Roth to get around income limits. https://www.rothira.com/what-is-a-backdoor-roth-ira https://www.rothira.com/what-is-a-backdoor-roth-ira Anyways, this "caluculator" didn't mention anything about taxable accounts vs tax advantage accounts.
- cure 9y agoFrom the FAQ: What is my retirements purchasing power today? Inflation is inevitable. If that word is new to you, it simply determines how much purchasing power your dollar has. Historically, inflation has always increased with time. In order to get a good understanding of the purchasing power of your future retirement savings for today, you can do a “simple” calculation: Take your total retirement savings and multiply it by 3%. For example, if you have $1.25m (retirement savings), multiplied by 0.03% (inflation), you get $45,000 in inflation. Then you subtract that number from your total savings: $1.25m - $45k = $880k. This will give you a baseline to understand your financial situation. I don't even.... What !? There are so many things wrong with that calculation.
- astura 9y agoIts just not bad math, it's also bad history. It actually says that the rate of inflation always increases with time, which is... not true! Even if it's trying to say, clumsily, that there has been inflation every year historically... that's also not true. There has been periods of deflation, historically https://en.wikipedia.org/wiki/Deflation#Historical_examples https://en.wikipedia.org/wiki/Deflation#Historical_examples
- codingdave 9y agoOne nuance that is sorely needed is to change your risk profile as you age. Aggressive investment when you are 30 makes sense. Not when you are 60. The decision of when to start moving to more conservative portfolios is a personal choice... but you certainly don't stay in one bucket throughout your entire life.
- garethsprice 9y agoIt's not clear that the slider represents your current age and the age you plan to retire. Numbers seem very high compared to other calculators I've done.
- kablamo 9y agoNice! I am partial to this retirement calculator: https://networthify.com/calculator/earlyretirement https://networthify.com/calculator/earlyretirement But then I'm biased because I created it.
- avenoir 9y agoVery cool. This reminds me of the retirement tool I've seen in Betterment. The things you can do to earn more money or cut out of your daily spendings is super nice way to visualize some common ways to make or spend money.
- bgdkbtv 9y agoThat is a beautiful website! Congrats on the launch and good luck with your project!
- _lex 9y ago"In order to get a good understanding of the purchasing power of your future retirement savings for today, you can do a “simple” calculation: Take your total retirement savings and multiply it by 3%. For example, if you have $1.25m (retirement savings), multiplied by 0.03% (inflation), you get $45,000 in inflation. Then you subtract that number from your total savings: $1.25m - $45k = $880k. This will give you a baseline to understand your financial situation." Yeah, so $1.25m - $45K is NOT 880K. Also, the effect of inflation compounds every year. So maybe you want to divide the nominal answers you are giving out by (1.03)^num-years-from-today to get the real value (in today's dollars) . Please do better math.
- portman 9y agoalso $1.25MM x 3% = $37.5k Not $45k It is difficult to trust the calculator when arithmetic errors exist in the prose.
- cecilpl2 9y ago> Then you subtract that number from your total savings: You subtract your annual spending (3%) from your total invested? Why would you do that? To arrive at the total amount you'd have invested after you spend for a year? This paragraph reads like a markov chain generator.
- stockkid 9y agoI very much enjoyed the design of the website. It is very similar to that of Stripe.
- sparky_ 9y agoThe tool fails to explain what specific investments it's modelling this on. I'm assuming ETFs, but those returns seem suspiciously high.
- m3kw9 9y agoThese tools ever adjust for taxes paid when you trigger a cap gain. It usually assume you never sell and buy a different stock
- alphaoide 9y agoYou desperately need to grab someone from the street and see if he knows what he's looking at. The UI is not very intuitive, or you have specific target audience. - Age range input. It took me a minute to understand what this is for. I assume the lower bound is my current age and the upper bound is the retirement age - How much do you currently have saved? ex $1,000. I actually tried to type a dollar symbol and nothing happened. - Aggressive vs conservative. Huh? What are you talking about? What is aggressive/conservative? The list goes on...
- sarreph 9y agoGreat design... Only nitpick with the UI is the slider control: it feels scroll-jacky and doesn't offer a manual number input.
- cowholio4 9y agoPretty cool! I use the "Retirement Planner" from Personal Capital (like Mint but for investments) Some of the notable features are: - Adding future income events (social security, pension, etc) - Inflation adjusted. - Set future spending goals (buying a house, wedding, health care) - You can also save different simulations and get a percentage chance of hitting that goal. I have one for if Social Security doesn't exist when I retire, another one for early retirement, etc. It's free to sign up. https://personalcapital.com/ https://personalcapital.com/ They have a referral promotion going on right now. You get a $20 Amazon gift card and I receive a $20 Amazon for each referral. I couldn't find the HN rules about referrals so if it's in violation, I'll remove it. https://www.talkable.com/x/v3V09g https://www.talkable.com/x/v3V09g
- robzyb 9y agoFor comparison, this is a calculator that was built by actuaries[1] for the Australian market: https://supercalcs.com.au/ris9/mst https://supercalcs.com.au/ris9/mst Some really important things that are built into it are: - Everything is given in "today's dollars" and that's done by reference to a salary index, NOT a price index, to reflect increases in community living standards. - It shows some indication of the income level you can expect during retirement given your lump-sum retirement benefit. [1] I was one of the actuarial staff that contributed to it
- andyv 9y agoFound a small bug-- if you accidentally hit '-', then the "amount saved" ends up negative. Couldn't undo it short of reloading the page. Mathematical hilarity ensues...
- BugsJustFindMe 9y ago$4700/mo is considered a 'frugal' lifestyle income? That feels...I don't know...out of touch?
- flukus 9y agoIt probably will be by the time you retire, assuming your not close to it already.
- BugsJustFindMe 9y agoSure, that's a reasonable point to consider, but this website is clearly not factoring in inflation's effect on income value. It says the same thing whether you want to retire this year or in 30 years.
- cowholio4 9y agoPretty cool! I use the "Retirement Planner" from Personal Capital (like Mint but for investments) Some of the notable features are: - Adding future income events (social security, pension, etc) - Inflation adjusted. - Set future spending goals (buying a house, wedding, health care) - You can also save different simulations and get a percentage chance of hitting that goal. I have one for if Social Security doesn't exist when I retire, another one for early retirement, etc. It's free to sign up. https://personalcapital.com/ https://personalcapital.com/
- coinerone 9y agoRecommended Savings for 19yo ist 10k? After College it is more like 30k debt! It is a nice idea but not realistic with the recommendations imho.
- matte_black 9y agoSomeone should make a debt calculator that shows when debt will be paid off.
- iambateman 9y agoHere you go! https://www.dropbox.com/s/irkk2z2g35w2uru/debt-spreadsheet.xlsx?dl=0 https://www.dropbox.com/s/irkk2z2g35w2uru/debt-spreadsheet.x... I've used this to pay off $112,000 in student loans in 30 months, which is 4x faster than the loan term!
- Jtsummers 9y agohttps://unbury.me https://unbury.me I believe I first saw this as a Show HN a few years ago. Enter in each of your debts (balance, minimum payment, interest rate) and select your method of repayment and the extra you can put into it (if any).
- WesleyLivesay 9y agoThanks for the link, this is awesome!
- gowld 9y agoHere's a debt clock https://www.death-clock.org/ https://www.death-clock.org/
- rudolph_codes 9y agoI think `$1.25m - $45k = $880k` should be `$1.25m - $45k = $1.205m`. $45k is $45,000 and not $450,000.
- lozzo 9y agoImpressive. I imagine lots effort has been put into making the user interface as clean as possible. It's a pleasure to fiddle with the parameters and see the impact on the curves. The only downside (for me at least) is that I live in UK. And my pension plan is not in $$$.
- pedro_hab 9y agoI have the same issue, if we could change the percentages we could ignore the dollar signs.
- Kerrick 9y agoNice! I have used http://calculator.moneyforsomething.com http://calculator.moneyforsomething.com for years, I may have to try yours out the next few "spreadsheet days" I have at home. :)
- cowholio4 9y agoI like how this calculator includes fees. Fees are so often overlooked when calculating retirement. "Lots of people are unknowingly paying 2%, and more, in annual fees. At a low-cost brokerage you can get away with 0.5%. See what a difference that does to your final balance."
- tootie 9y agoHow come I can't say how many major expenditures I'm planning? I got to put 2 kids through college and buy a house.
- kss238 9y agoWhy does a retirement calculator need that functionality? Its for retirement savings, not savings in general.
- prometheuspk 9y agoWould be really nice if you could add funds & portfolios. Also how are you calculating growth rate? which funds?
- pedro_hab 9y agoI'd like to know what aggressive/conservative means, and also be able change it, aggressive in the US might be different than in other countries.
- jonwachob91 9y ago>>> "What do Aggressive and Conservative mean? The Investment Calculator uses two investment strategies that typically produce two different retirement scenarios. Aggressive investing indicates a higher financial risk with a higher potential reward, while conservative investing offers a lower financial risk with a more moderate potential reward. Aggressive investing typically means that you will invest in more stocks than in bonds. This type of investment strategy is smart when you have a longer amount of time before your retirement. A longer amount of time can also, in theory, withstand all the volatility of the stock market. The other good news is that more time passing will compound your interest, resulting in significantly larger retirement savings. Conservative investing is a more balanced strategy in which you invest in stocks as well as bonds. The return, or the amount that your money grows, is not as large as it can be when aggressively investing but the risk is lower. Conservative investing is best when your retirement date is nearby. Vanguard published a great article about these types of scenarios, showing the historic risks and rewards in quantitative form. These table graphs will show the different strategies in terms of being “growth” or “balanced” oriented and displays the assumptions behind each retirement strategy."
- pedro_hab 9y agoI meant to know what percentages he used, conservative/aggressive is relative. In the US the FED Interest Rate was about ~.25-.55 a couple years ago where the Brazilian was ~14%
- jartelt 9y agoGreat interface, but I would find it more useful I could pick an estimate rate of return for my investments and choose the rate of inflation. It's also be useful for there to be a "max out 401k" button for how much I want to contribute.
- WalterGR 9y agoDoes this assume that I'll live forever, or that I'll die some day?
- WalterGR 9y agoAh, it does not assume that you'll die: The retirement calculator takes the Total retirement savings and calculates how much monthly income a 4% annuity would generate without drawing from the principal. This indicates the type of lifestyle you can expect without running out of money. Or, to put it another way: it assumes that you want to be worth roughly the same at death as you were at retirement. That's fine, but it bears mentioning - since it assumes you want to pass on potentially millions of dollars at the time of your death. If you aim to break even at death, that changes the calculations.
- leetcrew 9y ago> If you aim to break even at death, that changes the calculations. do many people do this? seems unwise given the uncertainty in our lifetimes.
- deleted 9y ago[deleted]
- gsylvie 9y agoUnfortunately "How much do you currently have saved" does not take negative values, and so this is no use to me. Decent UI for a monthly + interest style calculator. I like it.
- mcovey 9y agoI think it's asking how much you've saved for retirement, not what your net worth is.
- compiler-guy 9y agoThose seeking a much more sophisticated retirement calculator, where you can set nearly every parameter, such as rate of return, amount saved, and nearly everything else, should checkout firecalc. You can select different withdrawl rate strategies, different investment strategies, deferred compensation strategies, different investment mixes, and many, many other things. The interface isn't as pretty, but it is unbelievably sophisticated. https://www.firecalc.com/ https://www.firecalc.com/
- IanCal 9y agoAnother more detailed one is cfiresim http://cfiresim.com/ http://cfiresim.com/
- jonbarker 9y agoI second the motion on firecalc because it really helps you visualize in how many 30 year periods historically you would have gone to zero (which is obviously the thing everyone most needs to avoid). The 100 year averages are useless as they don't encapsulate realistic investing lifetime chunks of around 30 years, the firecalc approach gets around this with the 30 year increment parameter (which you can tweak as well). It's a better way to approach the problem.
- SubiculumCode 9y agowas just going to suggest this. I learned a lot using firecalc.
- 9y ago
- uptown 9y ago"How much do you currently have saved?" What does this mean? Cash? Illiquid assets? Retirement funds?
- amdavidson 9y agoWhy do those distinctions matter when considering retirement? They all go into the same pool in the end.
- gk1 9y agoSince this is a retirement calculator I assume it’s asking about your retirement fund.
- johntiger1 9y agoWow, there's a huge difference if you have 10k in savings already vs starting from scratch. Eye opening!
- mcovey 9y agoAll this does is scare me. I honestly hope I die before I have to retire, because there's no way I'm going to have saved enough money to live off of, even modestly, and no way I'm going to remain sharp enough to continue earning through and beyond my 60s.
- toomuchtodo 9y agoPay off a modest $100k house in a low cost of living area and you should be able to survive on Social Security alone. Save more if you can though.
- metalliqaz 9y agoSocial Security, in my retirement? That's a laugh.
- snowwrestler 9y agoWhile it is fashionable to doubt that Social Security will be around for the Gen X or Millenial retirements, the reality is that it's simply a matter of political will. If people like Social Security (and they generally do), then all they have to do is vote for politicians who will protect it, and harass politicians when it looks like they won't. Of course it's fine to plan for a retirement without Social Security... having too much money in retirement is not generally considered a problem. But if you're feeling despair over Social Security, know that there is something you can do about it: political organizing.
- allsunny 9y agoI agree. I think Social Security, like Medicare, is a "third rail" sort of thing. I expect politicians will have to cut back military spending before they can go after Social Security
- metalliqaz 9y agoYou haven't heard of Paul Ryan?
- beefman 9y agoYou can save money by decreasing your savings every month instead of contributing a fixed amount. I've never seen an investment calculator or vehicle that allows for such a plan.
- lbotos 9y agoDo you mean "frontloading" the year? As in 1000 jan, 900 feb, etc? Or was it a typo and you meant decreasing your spending?
- beefman 9y agoSmoothly decreasing every month for the entire savings period. Maybe it isn't popular because income tends to increase over the course of a career?
- jogjayr 9y agoIt doesn't make much sense to do logically because you can front-load a lot less at the beginning of your career. It's far better to design a sustainable lifestyle you like when starting out and aggressively fight scaling it up with your income. If you do that the numbers will work themselves out.
- beefman 9y agoOn the other hand, rising disposable income is supposed to be a good thing (annuities for lottery winners etc). Cost of living tends to rise with age, too (kids, healthcare...).
- jogjayr 9y ago> rising disposable income is supposed to be a good thing That's the lifestyle inflation I'm alluding to. If one can be happy spending X/year 5 years ago, why can't one be happy spending inflation-adjusted X/year today? Agree about kids and healthcare but those aren't "lifestyle" costs.
- matt_wulfeck 9y agoNice to see your income rise so much just before you die and a lawyer gives it all away. Alas “the old have the means but no mobility, and the young have the mobility but no means”
- metalliqaz 9y agoWhat are you even talking about? When you retire you stop accumulating savings and start spending it. At first it continues to grow but if you plan correctly you will have made good use of it by end of life. Then it will be depleted.
- nsriv 9y agoBy the time you retire you have more capital accruing interest, and generally more to invest in the attendant better investment opportunities available. That's what they meant.
- ryandrake 9y agoMy guess would be that there are very few people out there, at any stage in their career besides retirement, for whom interest and capital gains are more than a tiny fraction of their income. For most workers, things like salary, bonus, and (for a lucky few) stock grants make up 90% or even 99% of our income until we retire.
- gowld 9y agoParent is saying that in retirement your income is interest on your invested savings
- Sukram21 9y agoLooks really nice and polished, thanks for sharing! Sorry for asking, but what exactly does the icon of the bag with money in the diagram indicate?
- davidjhall 9y agoI'm curious too -- I didn't notice it until I started trying out different scenarios. Is that an optimum number? Is that when your retirement income per month matches your current income?
- dmart 9y agoIt appears to represent the point at which your net worth would surpass $1MM for a given projection.
- yanslookup 9y agoI'm not sure how this calculates the investment savings but I hope it is right! Says starting with 300k and saving 500/mo I'll have $2.4mil in 20 years...
- metalliqaz 9y agoThat's the power of compounding interest. Just make sure to avoid fees. They compound, too.
- gaius 9y agoInflation also compounds
- davidw 9y agoThese things are always a bit depressing and make me want to invest in a bottle of bourbon.
- scotchio 9y agoThis is really nice. Just want to say thanks for the work. This will help myself and a ton of people
- allsunny 9y agoI love the simplicity and the look of the UI. Unfortunately I think the simplicity means that very important parameters are being left out. Ideally, you should be able to specify estimated return rate and estimated inflation rate. Also, specifying the draw down rate would be nice... I've poured through a lot of these calculators recently as I've begun to get interested in FIRE... I think the most simple (but good) one is the AARP calc if you want a simple example. Finally, and I think this is where it really falls short - this calculator is WAY TOO OPTIMISTIC out of the gate. I just cross checked it w/ my own calculations - it doesn't add up. Its "conservative" estimate is way higher than my "optimistic" plan (10% return / 3% inflation based on a passive index investing strategy)
- ReadingInBed 9y agoThis is a really good interface but the assumptions backing the results seem weak. The growth rate on conservative and aggressive portfolios are high. The recommended amounts of saving should be as % of income. Recommending someone that makes 100k save 100 dollars a month is not great. It's also sad that the maximum amount saved per month is 1k where even just maximizing 401k is 1.5k a month.
- allsunny 9y agoYeah, the return rate, even for conservative is WAY too high.
- sp332 9y agoThe return isn't adjusted for inflation, so it's not that far off. That's probably misleading though.
- jonwachob91 9y agoYou can set a custom number...
- thetwentyone 9y agoBe careful with this: The projections are gross (ie not inflation-adjusted) and the advice buried in the explanatory text below does not sufficiently discuss this issue. It says you can do a "simple" calculation by applying one year's worth of inflation versus a compounded rate of return. Assuming historical inflation rates, the value of the savings it projects will be significantly eroded compared to what it shows. Edit: And as others have pointed out below, the returns assumed are unrealistically optimistic. Be warned about basing your retirement planning on this.
- AustinGrandt 9y agoI agree with this. Inflation is a huge factor and needs to be considered with any retirement calculator because you can't assume that your $100K today is worth $100K in 20 years. I actually built a calculator myself to better accommodate for inflation and have the ability to tweak the numbers just a bit more. If you're interested: https://www.financialtoolbelt.com/calculators/financial-independence-calculator/ https://www.financialtoolbelt.com/calculators/financial-inde...
- neogodless 9y agoWhy is there a minimum amount on the field for how much you need? i.e. if I make $500k now, why am I forced to spend $100k in retirement? What if I only need to spend $50k?
- AustinGrandt 9y agoI think if you look in the advanced fields you can change to how much you need in retirement to set a separate number. We auto calculate and extrapolate based on current savings rate, but a lot of people will spend much less in retirement. Just fill out the field income in retirement under advanced fields and I think that should (hopefully) be what you're looking for.
- folkhack 9y agoHuh. Crazy how close it is to my implementation - https://modelinvesting.com/retirement-calculator/ https://modelinvesting.com/retirement-calculator/ You have a UI bug on your tooltips on advanced fields. They show up way above where they should be =)
- jonwachob91 9y ago>>> Take your total retirement savings and multiply it by 3%. For example, if you have $1.25m (retirement savings), multiplied by 0.03% (inflation), you get $45,000 in inflation. Then you subtract that number from your total savings: $1.25m - $45k = $880k. This will give you a baseline to understand your financial situation. I don't fully understand... 1.25M - 45k is most definitely not 880k. Did you do something else that you forgot to list?
- loeg 9y agoMaybe they meant 3% inflation.
- burkel24 9y agoHere's a calculator I built to visualize retirement income from recurring purchases of deferred income annuities: https://www.blueprintincome.com/plans/43301d6bf3c335bb07f6 https://www.blueprintincome.com/plans/43301d6bf3c335bb07f6
- poster123 9y agoIt should be possible to click on or hover over "aggressive" and "conservative" and see what the assumptions are. And the simulations must be account for volatility to be useful. Otherwise, everyone should just invest aggressively and put all their money in stocks, since they have higher average returns than bonds.
- ixtli 9y agoThe UI implies they recommend that I have more money saved now than I actually do. I agree!
- miguelrochefort 9y agox: How much do you need to live for a year? y: How much do you need to retire forever? y = 25x
- amdavidson 9y agoWhy do you assume no returns in those 25 years of retirement?
- MagnumOpus 9y agoHe does. He says "forever" not 25 years. (Research has shown that 4% drawdown of your wealth every year combined with an investment into stocks (assets with 3.5-4% post-inflation return) will generally preserve your capital stock - and even in the worst cases won't completely erode it. 100%/4% = 25
- ataturk 9y agoThe problem is that x is not a known amount. We have inflation and rising health insurance costs, as well as other unknowns like that. So while 25x is a great thing to say, I am sitting here with > 25x and I'm not shuffling off to early retirement yet as much as I want to because it's imprudent. If had 100x then there's probably enough slop in the calculation to get a positive experimental outcome (in this case retiring early and not running out of money). It's fucking ridiculous how much money we "need" for retirement in the US in order to live even modestly because everything is designed to fleece us.
- xchaotic 9y agoThat assumes that you'll live until 90. What if you live longer?
- miguelrochefort 9y agoThis works if you retire at 20 and live to 100. Withdraw 4% every year and you can live on your investments forever.
- asaph 9y agoRelated: Here was a weekend project I did about a year ago: http://retirement-calculator.net/ http://retirement-calculator.net/ I use it for my own financial projections. I wanted something simple that didn't base post-retirement income on a percentage of pre-retirement income. I just wanted to input a dollar amount for post-retiremt income and have that adjusted for inflation.
- newscracker 9y ago> The average tax refund in the US is $3,050 per year. > Avoid spending tax refunds to get to your retirement faster. The advice should instead tell the user to plan the tax payments to avoid giving the government an interest free loan by overpaying taxes and getting it back as a refund much later. Of course, a particular sum should be invested regularly.
- pjholmes 9y agoMath error: $1.25m - $45k is not $880k. It's 1.205M.
- gowld 9y agohttp://firecalc.com http://firecalc.com has better math and less distracting gunk like the nonsense ways to "Save more"
- xchaotic 9y agowhere on earth do you get 9% returns on 'safe' investments? According to historical records, the average annual return for the S&P 500 ('aggresive') since its inception in 1928 through 2014 is approximately 10%, but you may have to partially cash out at a low point.
- modeless 9y agoAs others have noted the assumptions in this calculator are dangerously optimistic. The only simple retirement calculator you need is here: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf https://retirementplans.vanguard.com/VGApp/pe/pubeducation/c...
- makalumhenders 9y agoFor those interested in learning the fundamentals behind that calculator, I wrote a book that can be read in an hour, and received praise from Derek Sivers, David Heinemeier Hansson, and many others. You can read it for free online, or download the PDF (also free). https://moneyforsomething.org https://moneyforsomething.org If you like it, I just ask that you help spread the word. Starting investing when your young is so, so important. And unfortunately the core essentials are often diluted with unnecessary complexities in most of the mainstream books. That's why I wrote this one.
- cryoshon 9y ago>Starting investing when your young is so, so important this is why student loans have made perpetual paupers out of the better part of an entire generation.
- Retyrement 9y agoI don't get it. I typed in: 45 years How much do you currently have saved? $500,000 How much do you want to save each month? $0 Result: Aggressive: Total Investment Savings: $2,446,365 Retirement Income: $12,614 / mo Conservative: Total Investment Savings: $2,008,469 Retirement Income: $7,531 / mo What the F? I don't need to save any more to have a decent retirement income?
- adyavanapalli 9y ago>If coffee is too hard to give up, try soft drinks. Right. You could get by with saving less because you will also die earlier! :P