The BEST Retirement Calculator I've Seen - Just incredible! (Repost)

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[DonaldMark-nese]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[shellylofgren]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[FernandoBowen-]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[rossie-mt]

Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.

[johnscott]

Thanks for reposting this Josh. Great perspective to add in life expectancy.

[jackk]

Hey Josh, I sent this to you a year or two ago. It's an incredible tool and your videos and this tool helped me show Michelle that we were in good shape. In extra income I put my part time job, future SS for both Michelle and I and in expenses I put healthcare now until 65, and medicare from then on, and also put in buying a new car now and then again in 10 years. When adding in incomes you put a ; between the amounts and you put in the dates the same way. the income line would look like this: 17760;20400;28800 and then start ages look like 56;59;65 and end ages looks like 90;90;90.

[ghgilbert]

This is a great tool. I have been using it for years. They also have various other charts to use/play with. SS goes into the additional income cell. Inputting data in all the cells of this tool helps mathematically support your theme of "not needing a million bucks to retire"

[MrJockoDundee]

Yea, been using this one for a few years. It is really good.

[NegSkew]

This tool gave me the confidence to choose to retire over 2 years ago. I had seen the original video gave the tool a try. I had my primary sheets and the tool provided quick concurrence. Then work issues in 21’ negatively impacted some of my coworkers that I cared for. I determined my company was more interested in politics and mass media than its employees. I reached for this tool for a reconfirmation and decided to walk… 1 yr ahead of plan. Love my choice. I’m enjoying the ride!

[SippsShanandT]

This is a really cool calculator. Not sure why the algorithm served you up to me, but I'm glad they did! Maybe because I watch the Clear Value Tax guy and Dave Ramsey. Lol
Subbed!

[JasonOliver-gv]

Love this tool, you can add soc security and pensions under more income, and big one off expenses under expenses and separate each one by a semi colon!! Then add the age the expenses start and stop.

[BaileyJames-zvddd]

As I approach retirement, I'd like to relocate from Minnesota to a warmer climate, but real estate costs are absurdly high, and mortgage rates have been steadily rising (now over 7%). Shall I simply put my extra money into stocks and wait for the housing market to crash, or should I purchase a house now?

[christinewallace]

Josh, if you add in social security at age 68 or 70, the chance of going broke is much closer to zero. How can you figure that into the model?

[brianbarns]

What about if you have less to retire like 500, 000 or 250, 000 and then add in your SS benefit. Also your leisure expenses go up in the first few years and overall expenses go down when your old.

[Joseph-frrs]

Extra income line Josh is for when SSI kicks in

[deangrisham]

Hello again. Got another question that I don’t see addressed anywhere else. What is the real return rate that a person needs on their investment to actually support themselves? If the government says inflation is say 3.5 is that a real number that a person can use or has that been “altered” to make things look rosy? Combing the real inflation with taxes on distributions, what is a realistic rate the average person would need to achieve? I know, LOTS of variables but it seems to me that to have anything left over or to even really keep pace you’re going to need a pretty decent return. Anyway thanks for your shows! I really appreciate that you don’t just parrot what everyone else always says.

[Fiwithoptions]

Good calculator. But creators stopped updating data set since 2020 April 😢.

[cindyo.]

Don't sound so surprised that women can use spread sheets. You can do better.

[MikeS-]

If you had $1, 000, 000 in a dividend stock, or diversified dividend stocks, you could do just as good and not have to worry about the market as much. Foe example, $1M in Dominion Energy at $56 per share is 17, 857 shares. Dividend rate is .67. that's $11, 964 a quarter or just about $48k per year. Screw the 5% rule. Your principal in tact and the money just keeps coming.

[deangrisham]

Hey, thanks for all the great content. I have a question on the G fund. I’m going to retire at the end of the year. Everything is in the G fund and I plan to keep it there for the next 2 years and then see which way the market winds blow. I see the return on the 10 year t bill is increasing now to almost 4.48. How does the increase affect the value of a share in the G fund? Maybe a better question is, is there any metric I should pay attention to? Fortunately I have military retirement, soon to be FERS retirement and VA disability and only 3 years away from SS. So the TSP money is more emergency and legacy than anything. Thanks again!