Fire UK Calculator
Finance and crypto
retirement planning calculator
SHOW HN2023
51points
61comments
#1,059of 3,109 in 2023
Top 35%of 2023 by points
How HN took it
CuriousMostly questions and neutral comments
7 positive, 10 neutral or asking, 0 mixed, 3 critical, out of 20 comments about the project. Thread score +0.18.
Idea: 2 for, 2 againstDesign: 2 for, 0 againstDocs: 1 for, 0 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Clear, easy to understand interface
From 3 comments
Really nice piece of work. Very easy to understand. It would be good if it could tell you a retirement spending number given all the other constraints (assuming you want to draw…
Tycho on HNI agree that adding state pension would be useful, though that's another layer of maintenance... Real slick though and very clear, thanks for putting it together! Would you mind…
sea-shunned on HNNice interface, a few tweak suggestions, its not clear when things are auto updating maybe some more indicators some tooltips, such as retirement spending, is that annual? nice…
davkap92 on HN
Useful for testing savings and retirement age scenarios
From 2 comments
Nice tool for experimenting with a couple of hypothetical cases, like what if I save a bit more or spend a bit less. It was quite surprising how much delaying retirement by one…
ralferoo on HNOh good. I'm not going to die in poverty. Going to celebrate a little now :) Seriously though, excellent tool. This is the sort of thing that big fintechs are selling clients for…
baz00 on HN
Objections
Ignores state pension
From 2 comments
This doesn't factor in the state pension, right?
Joeboy on HNIndeed it doesn't.
dom96 on HN
Does not account for tax on pension withdrawals or GIA capital gains
From 2 comments
What about tax on private pension withdrawals?
nly on HNIt's on my todo to implement this in some form, but not accounted for yet. But you can reduce the returns percentage on your investments to account for it. Note though that…
dom96 on HN
Assumes full ISA filling and a high savings rate
From 2 comments
The default assumption here that someone has £30,000 per year to put into savings seems a little bit high for most UK salaries?
xnorswap on HNThis is slightly confusing - it seems to factor in some magical S&S ISA income regardless of what amounts I put into existing S&S ISA. I am assuming it thinks that I will always…
mattlondon on HN
Requests
Add state pension as income
From 2 comments
It’s really good. I agree with the state pension comment. Maybe add as an additional income with a few settings set to suitable defaults - start age (66) - weekly amount…
jackjeff on HNNice tool for experimenting with a couple of hypothetical cases, like what if I save a bit more or spend a bit less. It was quite surprising how much delaying retirement by one…
ralferoo on HN
Add tooltips explaining terms like GIA and safe withdrawal rate
From 3 comments
Nice. Does GIA mean General Investment Account? Maybe some tooltips?
gregn610 on HNNice job. I also didn't know what GIA was an would appreciate some tooltips.
hermitcrab on HNNice interface, a few tweak suggestions, its not clear when things are auto updating maybe some more indicators some tooltips, such as retirement spending, is that annual? nice…
davkap92 on HN
Solve for sustainable retirement spending
From 2 comments
Really nice piece of work. Very easy to understand. It would be good if it could tell you a retirement spending number given all the other constraints (assuming you want to draw…
Tycho on HNYes, that’s what I mean. And you are right, adjusting the numbers works. I suggested it after upping my monthly savings inputs and then noticed that at end-of-life there was…
Tycho on HN
Support for two people with different incomes
From 1 comment
For two people on different incomes, life phases etc
te_chris on HN
Put URL parameters after # to avoid server logging
From 1 comment
Nice tool for experimenting with a couple of hypothetical cases, like what if I save a bit more or spend a bit less. It was quite surprising how much delaying retirement by one…
ralferoo on HN
Questions
What is the safe withdrawal rate and how is it used
From 1 comment
What is “Safe withdrawal rate”? Also does it take into account capital gains on GIA?
drexlspivey on HN
Does it account for capital gains on GIA
From 1 comment
What is “Safe withdrawal rate”? Also does it take into account capital gains on GIA?
drexlspivey on HN
What tech is it built with
From 1 comment
I agree that adding state pension would be useful, though that's another layer of maintenance... Real slick though and very clear, thanks for putting it together! Would you mind…
sea-shunned on HN
Alternatives named
Voyant
From 2 comments
Tbh most of the interesting retirement planning problems are in planning for life events along the way. The advantage of proper modelling solutions like Voyant is that you can…
nly on HNA tool [0] that has a free tier and was quite fun to play around with was posted a little bit ago, projectionlab. [0]: https://projectionlab.com
zparky on HN
savingtool.co.uk
From 1 comment
Check out https://savingtool.co.uk for a similar tool, but it does tax calculations too.
sgb_QQ on HN
ProjectionLab
From 1 comment
A tool [0] that has a free tier and was quite fun to play around with was posted a little bit ago, projectionlab. [0]: https://projectionlab.com
zparky on HN
Timeline
From 2 comments
A tool [0] that has a free tier and was quite fun to play around with was posted a little bit ago, projectionlab. [0]: https://projectionlab.com
zparky on HNVoyant https://www.planwithvoyant.co.uk/content/en_GB/index.html Unfortunately the cheapest sort of access to this product is around £120/yr via an advisor sponsored…
nly on HN
colorfulwolf retirement calculator
From 1 comment
Nice. I made something similar a couple of years ago: https://www.colorfulwolf.com/retirement/
rheide on HN