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Tag Archives: Personal Capital Retirement Planner

Personal Capital Retirement Calculator: Great for Early Retirement Planning

Using Personal Capital's retirement planner

In the past, my opinion of retirement calculators has been less than enthusiastic. For the most part, they assume that people will work until age 65 or longer, have one job, need at least 80% of their current income in retirement, and that no one will have income after retirement other than social security or a possible pension. Aside from Jim’s possible pension, none of that applies to us, so I’ve always been disappointed when the results show that we will need something like eight billion dollars to retire comfortably. That isn’t real world at all. My opinion has changed recently with the new Personal Capital Retirement Calculator. Finally, a plan that gives options for those of us who live a bit outside the traditional norms! Real World Assumptions A calculator can’t be perfect because there is no way to predict all expenses. We might be hit with big home repair or medical bill at any time, but what is nice about the Personal Capital calculator is that it pulls from current spending trends. Even if you do make eight billion dollars a year but only spend $50,000, the calculator is able to process that. Other nice things about Personal ...

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