Skip to main content
No. of Recommendations: 0
Greetings, Foolsom, and welcome. You wrote:

<<I've used TMF retirement calculator but I don't think it works. I plug in my monthly income for the rest of my life, then plug in my monthly spending for same period, which is LESS than my income. The result says I run out of money in old age. Can't be.

What am I doing wrong? Anyone else have this problem?>>


No one can say without knowing ALL of the entries and assumptions you made. My guess is you used a fixed income assumption while the expenses in the model increase annually by whatever inflation factor you used. You should recheck ALL of your entries and assumptions.

Regards..Pixy
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.