Show HN: Investment Calculator – A simple retirement calculator

Post by allsunny » Tue, Mar 06, 2018, 5:03 PM UTC

kc10 wrote: post #31

compiler-guy wrote: post #13

Those seeking a much more sophisticated retirement calculator, where you can set nearly every parameter, such as rate of return, amount saved, and nearly everything else, should checkout firecalc. You can select different withdrawl rate strategies, different investment strategies, deferred compensation strategies, different investment mixes, and many, many other things. The interface isn't as pretty, but it is unbeli…

I opened, there is too much info for my small brain to grasp and closed it. :-(

Post by allsunny » Tue, Mar 06, 2018, 5:05 PM UTC

snowwrestler wrote: post #43

metalliqaz wrote: post #27

Earlier quoted context omitted.

Social Security, in my retirement? That's a laugh.

While it is fashionable to doubt that Social Security will be around for the Gen X or Millenial retirements, the reality is that it's simply a matter of political will. If people like Social Security (and they generally do), then all they have to do is vote for politicians who will protect it, and harass politicians when it looks like they won't. Of course it's fine to plan for a retirement without Social Security...…

Post by shove » Tue, Mar 06, 2018, 5:09 PM UTC

teej wrote: post #54

thetwentyone wrote: post #39

Be careful with this: The projections are gross (ie not inflation-adjusted) and the advice buried in the explanatory text below does not sufficiently discuss this issue. It says you can do a "simple" calculation by applying one year's worth of inflation versus a compounded rate of return. Assuming historical inflation rates, the value of the savings it projects will be significantly eroded compared to what it shows.…

Yeah, it's also using a 9% rate of return for the "conservative" scenario and 12% for aggressive. Due to the exponential nature of compound interest, just a single point of overoptimism in your real growth number leads to a massive overestimation of your results. 1.07 ^ 30 = 7.6, 1.09 ^ 30 = 13.3, and 1.12 ^ 30 = 30.0 It's baseline assumptions are way off.

Post by metalliqaz » Tue, Mar 06, 2018, 5:12 PM UTC

snowwrestler wrote: post #43

metalliqaz wrote: post #27

Earlier quoted context omitted.

Social Security, in my retirement? That's a laugh.

While it is fashionable to doubt that Social Security will be around for the Gen X or Millenial retirements, the reality is that it's simply a matter of political will. If people like Social Security (and they generally do), then all they have to do is vote for politicians who will protect it, and harass politicians when it looks like they won't. Of course it's fine to plan for a retirement without Social Security...…

Post by iambateman » Tue, Mar 06, 2018, 5:14 PM UTC

matte_black wrote: post #45

Someone should make a debt calculator that shows when debt will be paid off.