FIRECalc is a retirement planning tool designed to help users determine how long their retirement savings will last under various market conditions. It uses historical returns and inflation data dating back to 1871 to calculate the chance of success during retirement. The core functionality of FIRECalc involves taking the user’s starting portfolio value and annual spending amount, then calculating how this combination would have performed throughout every year for which market data is available. Users can adjust parameters such as spending levels, portfolio size, retirement duration, and asset allocation between equities and fixed income to see how these changes affect the longevity of their retirement funds.
Related Withdrawal Strategies
- Goal Setting
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Free Trial: N/A
Free Version: Yes
Price: Free
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I’ve used, tested and evaluated financial tools for more than 15 years. This directory is where I keep track of all of those tools, including software, apps, and calculators. I hope it will prove useful to you. And if you know of an app I should add to this directory, please let me know.
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