FIRECalc®:Howlongwillyourmoneylast?FIRECalc3.0StartHereOtherIncome/SpendingNotRetired?SpendingModelsYourPortfolioPortfolioChangesInvestigate FIRECalc:Adifferentkindofretirementcalculator(DataupdatedonApril27,2021thru1/1/2021)LoginWhat'sthis?Thinkingofchuckingitallandretiringearly,longbeforeyoustartgettingapensionorSocialSecurity,andbeforeyouhavereadyaccesstoyour401kandIRA?Thebigquestion:"Withwhatyouhavetoday,andwhatitcostsyoutolive,canyouretireandmaintainthesamelifestyle?"Averagesdon'ttellyoumuchatall.Retireintheearly1970s,startingwith$750,000andtakingout$35,000eachyear,andonaverageyou'lldojustfine.Butthataverageismeaningless.Shownherearetheyear-endbalancesofthreeidenticalportfolios.Onestartsin1973(red),anotherin1974(blue),andthethirdin1975(green).Somuchforrelyingonaverages!FIRECalccantellyouhowmuchyouwouldhaveneededtoinsurethatyouwouldn'thavedepletedyourportfolioifthingsareasbadas1973.Or1929.Oranyofthepastyearsforwhichwehavedata.Insteadoftheresultsofthreedifferentstartingpointsasshownhere,FIRECalcshowsyoutheresultsofeverystartingpoint,since1871.Youcangetasenseofjusthowsafeorriskyyourretirementplanis,basedonhowitwouldhavewithstoodeverymarketconditionwehaveeverfaced.StartHereSpending:Portfolio:Years:Seeingtheresultswillillustratebetterthanthousandsofwords.Attheright,enterhowmuchyouneed,howmuchyouhave,andhowmanyyearsyouwanttheplantolast(orthecalendaryearyouwanttheplantoend).Thenclickthesubmitbuttontoviewtheresultsinanewwindow.(Notsurehowmuchyouwillneed?ChecktheUSaverages.Notsurehowmanyyearstoplanfor?SeeVanguard'slongevitycalculatorforanestimate.)Withoutanyotherinformation,FIRECalcwillassumeyouwanttokeepyourannualspendingaboutthesameforasmanyyearsasyouspecify,youaren'tplanningonreceivinganySocialSecurityorpension,andyourretirementportfolioisinvestedina"couchpotato"portfolioof75%stockindexand25%bondfunds,witha0.18%feetothefund.Butyoucanchangeanyorallofthoseassumptions.Youcanrefinethespendingandinvestmentassumptions,exploretheimpactofsomeofyourdecisions,factorinallsortso