Using Established Expenses

[rkruz]

I appears that the programs takes a standards % for expenses.
Is it possible to enter a specific $ value for expenses?
I ask because we keep very detailed records and know exactly what our expenses are and will be and I would prefer to use that value.
Thank you!

[jimr]

The planner does expect a dollar amount to be entered for expenses each year. This can be entered in the 'Annual Retirement Spending' input on the main planner window or in the lower table in the additional inputs window using the various expense cash flow types.

You might have seen the '% of expenses funded' output that's shown in the detailed view table. This value is related to the optional Flexible Spending Policy. If you set the spending policy to Stable, the dollar amount you enter for expenses is what gets funded by the simulation. OTOH, if the spending policy is flexible, the simulation may reduce the percent of desired expenses that are funded in cases where the portfolio appears to be getting depleted too fast.

[rkruz]

Understood now. thank you!