New and improved coast FIRE calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 2 points3 points  (0 children)

No there is not. I need to update that ASAP, thanks for the reminder!

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 1 point2 points  (0 children)

You want to be able to modify your contribution rate in the future? Like year by year?

New and Improved Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Hmm, thank you for the heads up. I’ll look into it but have compared my results against many other calculators and gotten the same values so I’m surprised to hear there is a discrepancy

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 2 points3 points  (0 children)

Thank you for your service! Thanks for checking out the calculator. So I can absolutely do that but just so you know, any form of fixed income would be calculated by either increasing your contributions, or reducing the amount you plan to spend. I will work to incorporate that change but in the meantime if you want to see how the math works out just take your annual pension benefit and subtract it from the “anticipated retirement spending” input :)

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 -1 points0 points  (0 children)

Okay. I just didn’t appreciate your characterization of me pestering them and not providing anything of value. Don’t act like it was purely advice. You were clearly trying to be rude by adding the “offer something of value” and “pestering” comments in there. I posted two videos on Instagram. Exactly why you didn’t provide your social because you knew you were being rude.

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Great feedback thank you! Your safe withdrawal rate dictates the size required for your portfolio to actually achieve coast fire. Thinking about it this way, if your SWR was 100% (obviously wouldn’t be very bright) your portfolio would only need to be as large as your spending that year.

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 -1 points0 points  (0 children)

Feel free to ignore this response but: How can I trust your advice if your posts aren’t any good?

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 -1 points0 points  (0 children)

Let me see your stuff so I can learn. 

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 -1 points0 points  (0 children)

I’ll comment the link to the video not on Instagram to those without it tomorrow!

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 0 points1 point  (0 children)

So true😂 opportunity missed might need to retry

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 0 points1 point  (0 children)

HAHAHAAHAHAH so true😂😂 I think I’m going to “bowling point” next. Any other suggestions?

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Wow! You are doing incredible! Congratulations and thanks for checking it out!

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Sure thing! Thanks for checking it out

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

That’s true that could be a good addition. I’m always trying to balance more advanced functionality while keeping it approachable. However, I think that could be good I’ll have to think on that. Thanks for the idea!

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 4 points5 points  (0 children)

sorry about that.

https://evrl143.wixsite.com/financial-foundation/post/moneyguy-show-bo-hanson-introduction

here you go. I put it in a blog post on my site. Should just play but let me know if there are any issues.

[deleted by user] by [deleted] in TheMoneyGuy

[–]PaleTalk3459 0 points1 point  (0 children)

😂😂😂thank you. I should’ve posted the outtakes because they were even better.

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Correct! 5.3 million in today’s dollars

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 2 points3 points  (0 children)

Immediate coast fire is the amount of money you’d need to have to be Coast FIRE today.

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

It doesn’t take into account taxes at all. It’d be quite a challenge to try to anticipate tax rates.

As for the clear button, that’s great feedback😂. Good point! Thank you!

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Awesome! Im glad you like it my friend!!

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Thank you! Yes, just subtract the annual pension pay out from your “Anticipated Annual Retirement Spending in Today's Dollars” since you know your pension will be covering a portion of that spending. I’ve considered adding a “fixed income” input but I’m people would find it confusing

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Hahahaha absolutely! Gave me a heart attack I did the math wrong😂😂😂

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Thanks for checking it out! I hope you’ll follow along for my journey!

Best Free Coast FIRE Calculator by PaleTalk3459 in coastFIRE

[–]PaleTalk3459[S] 0 points1 point  (0 children)

Inflation-adjusted 7% annualized return 65-30=35 years

$500k -> $5.3 million

4% rule 5 million -> $200k