Best Retirement Calculator Out There (2022)

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Title	:	Best Retirement Calculator Out There (2022)
Lasting	:	11.39
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Views	:	13 rb

HellobrThank you very much for you videos They definitely make me thinkbrQuestion about the Initial Portfolio Value If I have a TSP with 13M and 300K cash would you enter 16M for this value? I was wondering about subtracting value because any time that you take money out of the TSP, you pay Taxes Does this Portfolio Value field account for Taxes?brThank you sir
Comment from : Michael Vadney

Doesn’t have Monte Carlo, user can’t specify inflation expectations, user can’t specify return expectations
Comment from : Zach S

Not even close to the best Doesn’t handle taxes, Roth conversions, rmd’s
Comment from : Zach S

100 percent success rate with 5 withdrawal for me
Comment from : Brad Chaisson

Retirement is wonderful if you have two essentials - much to live on and much to live for Invest wisely and get good returns
Comment from : Evelyn C

I believe I asked on one of your other videos, but can you tell us what software you use and do individuals get access? Is it EMoney?
Comment from : Jeffrey Gruda

I am shocked that you love this calculator! It claims I’d have a 0 failure with a maximum income of $131,000 annually with $24M invested (80, 15, 5) even with $119,500 in pension income… so, $11,500 annually for 30 years no matter what withdrawal strategy?
Comment from : Richard McGrath

Josh, I did not see an entry for Social Security Is that factored in already?
Comment from : brad w

Thanks for doing a video on this It does look very helpful However, correct me if I'm wrong, to use this calculator effectively, do you already need to know how much you expect to spend annually in retirement, after which this calculator helps you determine whether you'll run out of $ over the course of your retirement if you use your retirement portfolio savings and additional income to cover any resource spending gaps you may have? If so, which calculators/tools do you recommend using to determine the critical issue of how much you should project/expect to spend annually in retirement, starting in year one and projecting outward? TIA
Comment from : jerrym

I can't find how this tool accounts for income taxes Any suggestions?
Comment from : T M

agreed, very good and using it side by side will RC its makes both better :-P
Comment from : John B

This is an outstanding calculator, I just started using it myself I'm having a hard time justifying to myself that I should keep working
Comment from : Bonez1999

Best bet is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed, things are getting dicey and the sad part it loads of people wont notice how bad it is till its too late
Comment from : peaceful clover

Nice Thanks for sharing
Comment from : M S

Nice calculator! Thanks!
Comment from : Terry Adams

amazing!!!
Comment from : Linda D

Wow, amazing Thank you for sharing What a treasure trove of info!
Comment from : Claudia

That's pretty awesome I ran my numbers with a bunch of strategies They all come out to 100 success rate so far I think I can spend a little more every year and still feel good! Thanks for sharing this one
Comment from : Joe the Computerguy

👍
Comment from : kenny hart

Do you still think your book “ Retire with Wellington” is the way to go in todays’ market I have Wellington 30 and Wellesley 60 Should I change to 50/50?
Comment from : kathy massey

Thanks Josh for passing this ongreat to play around with
Comment from : Al

love your caveman strategy, uncle josh !
Comment from : 91030Pasadena

I am sure that this calculator is sophisticated But I get the same results for 35 years in retirement with divide your nest egg by 25 and you get your starting annual withdrawal Or take your annual budget divided by 005 Either should bring you out into eternity Using this calculator, I had more money at 35 years than 30
Comment from : Scott Engh

Thanks for sharing Was a fun exercise to confirm again we wont run out of money🙂
Comment from : Laurar35

I’ve been using portfolio visualizer but this is a great tool as well
Comment from : cato

Fantastic! Thanks, Kenny, for sharing this!!brJosh, thank you for passing this along! The only way THIS video could be improved is if Pablo 🐾❤️ made an appearance, and you wore your cheese hat 💚💛 brbrExcellent video!
Comment from : Denise P

Meatloaf just kicked the bucket at 74 Too many people, especially males, are over estimating their longevity Buzz Aldrin just had his 92nd birthday, he is the exception Chances are, you are not the exception Everything in life is probabilities
Comment from : Ed in North Carolina

Thanks Josh - will take a look at this 👍
Comment from : Irish Rover

What what do we have beside historical data to base our financial plans on? As usual thanks for the interesting info
Comment from : benny simpson

Thanks Josh I will check it out
Comment from : Bruce Smith

Big fan of FI (financial independence)
Comment from : CheeseheadLovesPoints

How does it compare to the original fire calc? I’ve always found the Monte Carlo from that to give a good perspective while I play around with the numbers
Comment from : a012345