Final $ amount at end of plan

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critter22
Posts: 1
Joined: Fri Aug 20, 2010 7:51 am

Final $ amount at end of plan

Post by critter22 »

Is there a way to set a final amount at the end of the plan? Thanks.
jimr
Posts: 699
Joined: Thu Feb 28, 2008 6:48 pm

Re: Final $ amount at end of plan

Post by jimr »

Sorry, but there isn't a direct way to specify an ending portfolio value.

A workaround is to use the "additional inputs" to create a one-time expense in the last year of the plan for the amount you want. This will cause the simulation to try to withdraw that amount in the last year and if there isn't enough remaining in your portfolio, the plan will fail.

Let me know how that works...

Jim
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