Suggestions

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Calculate Maximum Spending Possible Year By Year

It would be terrific if ProjectionLab could calculate the maximum gross income amount rather than the user entering different expense amounts to see the success rate. Of course, this amount could change year by year as account values change, people have less life expectancy, etc. but the user would then know how much can be spent for the year without worrying about taking too much but still trying to maximize their spending. Again, I am a retired financial planner and would be happy to contribute if you would like. Thank you.

5 votes

Tagged as Suggestion

Suggested 12 August 2024 by user Carl Sanger

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  • 12 August 2024 Carl Sanger suggested this task

  • 13 August 2024 Kyle Nolan approved this task

  • avatar

    Looking to maximize what you can withdraw each year so you don’t run out of money when you pass would be quite helpful. This is one of the selling points of MaxiFi, which I am using right now concurrently with PL, but will need to select one of the two. I prefer PL but this would be a great modeling feature so you can ensure you are maximizing your lifestyle with confidence. Trial and error by adjusting your expenses until you get to a comfortable ending NW at the End, is clunky.

    23 July
  • avatar

    +1 This would be a super helpful feature. Esp for people close to and entering retirement. Even having a ballpark max would be helpful. Thanks for the great product.

    26 October