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FREEDOM

Work-Change FI Comparison

Compare your path to financial independence with and without a change in work, computed on your device with no sign-in.

Your current path

Currency: USD

US dollars only. One currency for both paths.

First projected month

The first month of the projection, not today's date. Years 1900 to 2200.

Capital available for this plan · USD

USD. Assumed available for spending; account-access restrictions are not checked. Format: 1,234.56.

After-tax work income / month · USD

USD per month, already after tax.

Spending / month · USD

USD per month. Both paths use the same spending.

Derived monthly saving

Enter income and spending

Real annual return · %

After inflation; effective annual rate. −99.00% to 100.00%. Zero and negative returns are allowed.

Annual withdrawal-rate assumption · %

0.01% to 100.00%. An assumption, not a safety guarantee. Target = 12 months of spending divided by this rate.

Months to project

Whole months, 1 to 600 (600 months is 50 years).

One temporary change

First month

Both months are included. Regular income resumes the following month.

Last month

Both months are included. Regular income resumes the following month.

After-tax work income during this period / month · USD

USD per month during the interval, after tax. Enter 0.00 for time off.

Derived saving during the change

Enter changed income and spending

Both paths use the same spending. During this period only your income changes, so saving becomes changed income minus spending. After the last month, regular income resumes and saving returns to the current-path amount.

All amounts are in today's money.

What this does not model

Read this before you enter numbers: the comparison leaves the following out.

Automated tax calculation: income is entered after tax and no tax is computed
Benefits: no benefit income or rules are modeled
Pensions: no pension income or rules are modeled
Required minimum distributions: mandatory withdrawals from certain accounts are not applied
Account-access rules: which accounts can be spent, and when, is not checked; entered capital is assumed available
Market simulations: returns are one fixed rate, not random samples

Model and source

Model: fire-work-change-real-monthly-v1
Schema versions: Input 1, result 1
Engine: domdhi-fire domdhi-fire-engine-v1
Money basis: Today's money; no second inflation adjustment
Flow order and precision: Each month: growth on the opening balance, then income minus spending at month end.Amounts to the nearest cent, ties away from zero; the target is rounded up to a whole cent.
Bounds (technical limits, not recommendations): Months to project: 1 to 600Origin year: 1900 to 2200; origin month: 1 to 12Latest calendar year reached: 2250Each money input: 0.00 to 10,000,000,000.00 USDReal annual return: -99% to 100%Withdrawal rate: 0.01% to 100%Largest ledger amount: 1,000,000,000,000.00 USD
Evaluated-input fingerprint: Available after Calculate
Observed through: Available after Calculate

Model assumptions

Fixed returns are estimates.
Amounts are in today's money with no second inflation adjustment.
The target is a withdrawal-rate assumption, not a retirement approval.

Model exclusions

Automated tax calculation: income is entered after tax and no tax is computed
Benefits: no benefit income or rules are modeled
Pensions: no pension income or rules are modeled
Required minimum distributions: mandatory withdrawals from certain accounts are not applied
Account-access rules: which accounts can be spent, and when, is not checked; entered capital is assumed available
Market simulations: returns are one fixed rate, not random samples

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