Re:Financial Independence / Retire Early Calculator
by jeffbee on Saturday January 01, 2022 @04:36PM
(#29763086)
Defaulting stock returns to +8% is pretty ridiculous.
There's also something obviously buggy about the calculation because there's a suspicious minimum in the retirement age. If I zero out spending it says I should retire 8 years ago. If I set spending to double my income it says I should have retired 45 years ago. I spending is 220% of my income, I should have retired 921 years ago. When spending is 235% of net income, I should have retired 59325 years ago, in the late Pleistocene.
There's also something obviously buggy about the calculation because there's a suspicious minimum in the retirement age. If I zero out spending it says I should retire 8 years ago. If I set spending to double my income it says I should have retired 45 years ago. I spending is 220% of my income, I should have retired 921 years ago. When spending is 235% of net income, I should have retired 59325 years ago, in the late Pleistocene.
Do not use.