I'd like to see a way of incorporating real life variances in there. For example the probability of getting the same inflation adjusted salary for the remaining time is zero. Many are likely to experience periods of unemployment or temporary higher expenses. Similarly the markets don't give such a predictable return. Throw in a business cycle and the numbers are far less certain.
Comments
I'd love to hear any ideas/reviews. I was inspired to create this calculator after reading this Mr Money Mustache article:
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
If you are interested in the math behind the calculator see my blog post about it here:
http://blog.networthify.com/math/the-math-behind-the-calcula...
I'd like to see a way of incorporating real life variances in there. For example the probability of getting the same inflation adjusted salary for the remaining time is zero. Many are likely to experience periods of unemployment or temporary higher expenses. Similarly the markets don't give such a predictable return. Throw in a business cycle and the numbers are far less certain.