Drawdown Planner Spreadsheet

cfw1994

dustymil59 said:

cfw1994 said:

dustymil59 said:

MeteredOut said:

dustymil59 said:

Hi Folks, has anyone got any experience of this planner, https://myfinancefuture.com £95 direct or £90 with Registration at The Retirement Cafe. It looks interesting but then I'm no expert in these things!

I've never seen that before but have just had - the free version looks pretty decent and the premium options looke like they've be of value too. But, i'm not sure I'd pay for the full version when you can get the same results (with some work) from a spreadsheet. I built mine based on the video posted above, integrated into my existing finances sheet.

Have you tried https://www.guiide.co.uk/ (though i don't think it does couples planning yet, but its on the roadmap)

I agree that a lot can be done with the basic version but in the great scheme of things £95 isn't a fortune so I might just take a punt to see what use the premium version is, in particular regarding taxation. I suspect that this planner has gone through a mountain of  development and critique and it appears to be UK based. 

Also not seen that before….the basic one tells me “ Your Quick Plan is looking good so far - there is no shortfall which means you have enough money to fund every year of your lifetime”, so I think I will stop there 🤣

It does look a decent tool.  

Like perhaps many here, I have my own spreadsheet, with a month per row and many columns for pensions, income requirement then columns of where our money is invested and how we plan to draw down, but obviously not with masses of “monte carlo simulations” etc.
I did have a play with the cfiresim ones in the distant past, & one of my favourite other planning tools was https://whatapalaver.co.uk/retirement-planning-couples.

If you do have a go at the Premium version, maybe report back here when you’ve had a good play 👍

I like the whatapalaver one too and to his her credit, the author has put a lot of time and effort into it.

If I plunge for the premium version then I'll be sure to report back.

Angela Wolff did a great job, I feel 😉
Do let us know how you get on 👍

I’m pretty happy with my own spreadsheet: coming up to 4 years in here 💪
I track things from month to month & YoY - I consider it a minor hobby 🤪 - if our overall wealth is equal of better than it was a year ago, things must be okay 🤷‍♂️
That said, I am always interested in other views (hence why I dip in here regularly).  Stay curious!
Retirement isn’t a destination, but a journey 😎🎉