Vanguard’s Retirement Income Calculator is Awesome

I came across the Vanguard Retirement Income Calculator when I was reviewing their online portfolio recommendation tool. Here is the calculator:…

I’m a HUGE fan of this, very -easy-to-use calculator.

HIghly suggest you give it a shot.

Just remember the BIG four expenses in retirement:
1. Housing
2. Food
3. Transportation
4. Health care

Now, Health Care moves up the rank as you get older but it never comes anywhere near the cost of housing. So keep that in mind.

I like the Vanguard tool because they also cite the Bureau of Labor Statistics Consumer Expenditure Survey which I cite a bunch in my own analysis.

Be advised, though, Vanguard’s calculator does not include taxes you’ll pay in retirement. So, you’ve got to be wary of that.

Now, you should not assume you’ll be in the 25% tax bracket, (now 22%). But don’t assume you’ll pay 0 either.

Just keep that in mind.

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