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Early Retirement Simulator

A few years ago I wrote a simple Early Retirement Simulator in BASIC to see what would happen with my finances when I retire.  I’ve been tweaking on it and updating it every once in a while.  The result is very encouraging.

I used modest numbers for income and a little higher than reality in outgo and it still looks like it would be stupid for me to continue working full time.  I could quit next year and not work at all and still live a very comfortable life.  I would no doubt work part time until I’m at least 60 then if I have any life left, live the good life.  That doesn’t even include my Bitcoin which could go to $100,000 or a Million.  Maybe. I don’t need it but it would certainly be a bonus.

I was going to rent out my current house but I think I can make as much or more per month investing the Cash and not having to deal with renters, property tax and repairs.

I’m a lucky man.  A lucky, lucky, lonely, lucky man.

It looks like financially, it’s a go for moving out to the country.

I keep feeling like there is a major flaw in my logic because it seems too good to be true but no matter how many times I analyse it, it still looks valid.  Do you see anything wrong with my simulation?

Want to use my program?  Download Chipmunk basic and modify the code to suit your needs.

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10 cls
20 age = 49
30 retirement = 220000 ‘ anticipated minimum amount at 60
40 endyear = 2068
60 cash = 270000 ‘ liquid cash at start
70 year = 2018 ‘ Starting Year
80 retiredincome = 1000*12 ‘ monthly*12
90 ss = 1200*12 ‘ social security monthly income
100 workincome = 3200*12 ‘ Still working income after tax
110 spend = 2000*12 ‘ monthly * 12
120 retirementage = 51 ‘ Leaving San Antonio
130 healthinsurance = 500*12 ‘ monthly * 12
140 propertytax = 2000
160 rem
170 rem
180 print “RETIREMENT SIMULATOR”
190 print
200 print ” Starting Cash: $” cash
210 print ” Retirement: $” retirement
220 print ” Retirement portfolio available at age 60.”
230 print ” Receive Social Security at age 67.”
240 print ” Estimating monthly spending at $” spend/12
250 print ” Work before retirement annual income $” workincome
260 print ” Estimating monthly Retired income at $” retiredincome/12
270 print ” Estimating Social Security income of $” ss/12 “/month at age 67.”
280 print ” Estimating Health Insurance at $” healthinsurance/12 “/month.”
290 print ” Retirement at age ” retirementage
300 print ” Assuming $800/mo investment income”
310 print
320 print ” Age”,”Year”,”Cash”
330 rem — start calculation loop —
340 if age = 60 then cash = cash+retirement : print “** Include Retirement in Cash $” retirement
360 if age = 60 then print “** End retirement income”
380 if age = 67 then print “** Include Social security at $” ss/12 “/mo”
390 if age > retirementage and age 400 if age 410 if age >= retirementage and age 420 if age = retirementage then print “Retire!!”
430 if age 440 if age >= 67 then cash = cash + ss – spend’ Social security
490 if age = 58 then cash = cash + 30000 : print “** Inheritance $30,000″
500 cash = cash + 12000 ‘ Investment income
510 cash = cash – propertytax
520 print ” ” age,year,”$”int(cash)
530 year = year+1
540 age = age+1
550 if year 560 end

————————————————————-

RETIREMENT SIMULATOR

Starting Cash: $270000
Retirement: $220000
Retirement portfolio available at age 60.
Receive Social Security at age 67.
Estimating monthly spending at $2000
Work before retirement annual income $38400
Estimating monthly Retired income at $1000
Estimating Social Security income of $1200 /month at age 67.
Estimating Health Insurance at $500 /month.
Retirement at age 51
Assuming $800/mo investment income

Age Year Cash
49 2018 $294400
50 2019 $318800
Retire!!
51 2020 $316800
52 2021 $308800
53 2022 $300800
54 2023 $292800
55 2024 $284800
56 2025 $276800
57 2026 $268800
** Inheritance $30,000
58 2027 $290800
59 2028 $282800
** Include Retirement in Cash $220000
** End retirement income
60 2029 $494800
61 2030 $474800
62 2031 $454800
63 2032 $434800
64 2033 $414800
65 2034 $400800
66 2035 $386800
** Include Social security at $1200 /mo
67 2036 $387200
68 2037 $387600
69 2038 $388000
70 2039 $388400
71 2040 $388800
72 2041 $389200
73 2042 $389600
74 2043 $390000
75 2044 $390400
76 2045 $390800
77 2046 $391200
78 2047 $391600
79 2048 $392000
80 2049 $392400
81 2050 $392800
82 2051 $393200
83 2052 $393600
84 2053 $394000
85 2054 $394400
86 2055 $394800
87 2056 $395200
88 2057 $395600
89 2058 $396000
90 2059 $396400
91 2060 $396800
92 2061 $397200
93 2062 $397600
94 2063 $398000
95 2064 $398400
96 2065 $398800
97 2066 $399200
98 2067 $399600




This post first appeared on New Universe | It's All Good!, please read the originial post: here

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Early Retirement Simulator

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