having to update retirement age and current age

[dsilberm]

I retired 8 years ago. At the time, along with all the other parameters, I entered a certain amount as my "annual spend" and the inflation rate (which I updated more recently).

I set the annual spend to adjust with inflation, i.e., if I set aside $100k for year 1 and inflation is 2%, I assumed the system would consider my requirements to be 102k in year 2, and much more in year 8 (especially with the more recent 2-year inflation blip).

The problem is that I have to keep updating my retirement age each year. Thus, I have to manually calculate what my equivalent spend amount would need to be each year as well. Am I missing something? Is there a way to "set and forget" a target spend amount to achieve the same buying power without having to modify it yearly?

[jimr]

Sorry, but you have to manually update your inputs whenever your circumstances change, even if the change is predictable like aging an extra year or adjusting your initial spending amounts for inflation that happened during the year. There's no code in the planner to do any of this automatically.