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I opened, there is too much info for my small brain to grasp and closed it. :-(
by kc10 9y ago
I opened, there is too much info for my small brain to grasp and closed it. :-(
- ttul 9y agoIt models a bunch of different possible investment returns to show you how your money would fare over a long period.
- allsunny 9y agoBest to figure this stuff out sooner rather than later, your future self will thank you. Don't bury your head in the sand on retirement. I ignored retirement planning until I was in my mid 30s, I wish I thought about it more before then. Read "A Random Walk down Wall Street" and start investing.
- fokinsean 9y ago+1 for A Random Walk Down Wall Street, it was really eye opening to see how unpredictable the market really is.
- teej 9y agoIt's worth noting that this is targeted at FIRE folks - people who want financial independence (don't need to work to live) and want to retire early. To be able to retire 10+ years before the average american, you want to have a much higher degree of confidence that your financial plan can sustain you for 30/40/50 years. That requires much more complicated financial planning. Or you can just max our your 401k, IRA, HSA, save enough of what's left over to make sure you can have a comfortable retirement at 60ish. The math for everybody else actually isn't as tricky as it seems for mid-to-high income folks. It's generally more about reigning in spending than fancy spreadsheets.
- loeg 9y agoIt's applicable math and a good check for anyone who wants to retire. You are correct that reduced earnings period and a longer withdrawal period does increase risk for early retirees, though.
- gowld 9y agoThat's sort of the point. The reality is complex and the future is unpredictable. Simple calculators give false confidence in their results.