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Very nice. One small nitpick though, the retirement income should be adjusted for inflation I think. Because otherwise, the retirement income in 40 years would
by gommm 11y ago
Very nice. One small nitpick though, the retirement income should be adjusted for inflation I think. Because otherwise, the retirement income in 40 years would pay for much less than at the time of retirement.
- deleted 11y ago[deleted]
- scottfr 11y agoThe retirement income is adjust for inflation. All contributions and withdrawals are specified in today's dollars. Internally, I model this be decreasing the Savings each time step to compensate for inflation.
- stevenmays 11y agoI think this is the wrong way to do it. I think you should probably increase spending. Decreasing savings reduces the income earned on compound interest, whereas spending has no effect. Cool project though.