3 ms·

I have given a lot of thought on this subject as well. I think the first few months will go nicely, putting money into savings and spending wisely. But I have a

• hispanic 13y ago
  Cool little app. However, I'd like to see you raise the artificially low maximums you've put in place for the "Initial Investment" and "Monthly Investment" inputs. If you did, I'd be able to make use of it. (I'm 38 and definitely not "starting out".) It appears that you're making the assumption that the "Returns per Year" percentage input should also be used when figuring monthly income. I disagree with that. I'm comfortable guessing at a relatively high (7 or 8%) annual return on investment while building my savings, which would be derived from a combination of dividend income and capital gains. But, when it comes to living on a fixed income, I'm tempted to guess at a lower annual return (4% - dividend income only) because the negative consequences of being wrong are fairly high. My two cents.
  • im3w1l 13y ago
    It is an ugly hack, but /you/ could just scale initial investment, monthly investment and desired monthly income by the same factor.