How does the Simple Retirement Calculator treat spending before retirement?
Where to find it: Side menu → Simple Retirement Calculator
The Simple Retirement Calculator assumes that pre-retirement income left after taxes and entered savings is spent. It does not ask for the same detailed pre-retirement expense budget as the full application. Its retirement spending input is used after retirement.
For example, increasing planned pre-retirement savings leaves less calculated spending from the same income. If savings exceed the available income, the calculator warns about negative spending.
The calculator is a simplified overview with combined household results in today’s dollars. Its tax and pension calculations and available inputs are less detailed than TIME MACHINE.
Use the full scenario and EXPENSES if you want to specify actual spending before retirement, separate income streams, property, loans, insurance or more detailed tax and investment assumptions.