Free online calculators for investment strategies?
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Murmansk
Posts: 929 Forumite
I have a significant amount of money to invest and have been doing a lot of research and thinking.
I went to see an IFA and he had a fancy computer program that he used to illustrate some things and wondered if there are any online versions of these?
For example he put in all my details of how much I had to invest and how much income I wanted and concluded that my money would run out at age 70 (I'm 56).
I'd like something into which I could type various figures to see what happens with various scenarios.
I appreciate it might be a bit much to ask for free but is there anything remotely like this out there?
I went to see an IFA and he had a fancy computer program that he used to illustrate some things and wondered if there are any online versions of these?
For example he put in all my details of how much I had to invest and how much income I wanted and concluded that my money would run out at age 70 (I'm 56).
I'd like something into which I could type various figures to see what happens with various scenarios.
I appreciate it might be a bit much to ask for free but is there anything remotely like this out there?
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Comments
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Plenty of these about with various degrees of complexity, here's a simple one
https://www.hl.co.uk/pensions/drawdown/calculator0 -
Ah yes, thanks, as it happens I'd seen the ones at HL - was looking for something a little more sophisticated but it's a starting point0
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Ah yes, thanks, as it happens I'd seen the ones at HL - was looking for something a little more sophisticated but it's a starting point
Soemthing like cfiresim can give you a range of projections of pot life depending on projected returns, this is the second stage of the proces after determining the assets you might hold and so the returns and volatility entailed.
You can use this iteratively to come up with a balance between certainty of not running out of money and the highest rate of withdrawal that gives you that level of confidence.0 -
retireeasy would probably do what you want.
I think theres a small charge now, something like £2 or £3 a month.
Well worth it IMO.0 -
Ah ha, that looks more like what I was after. Thanks0
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