Wrong Age in Plan Results for Lifetime Planner

recursor1

I've entered my age (36) in the lifetime planner, but it starts the plan result graph at age 26. Does it do that for everyone or is this an error?

jtfennig

I think that's the year, 2026?

NotACPA

I'm in my 70's, and it started at age 26 also. I think that's just a "base point", from which the planning starts.

OR, if you don't know where you've come from, how would you know where you're going?

jtfennig

I think that's the year, 2026?

Chris_QPW

The lifetime planner is only from today into the future, it has no past. So I agree with @jtfennig you are looking at the year, not your age. This is actually one of the complaints I have about the lifetime planner. With no history to look back at how do you know that your past predictions were actually correct? You make predictions on inflation and investment returns, the lifetime planner will tell your plan will succeed long after you have veered off of your original prediction.

what really is needed is a graph from some point in the past prediction to your current prediction to see if their deviating.

recursor1

Holy crap, you're right. It is the year. Funny, I set retirement to be at 70. But I set my life expectancy to be 81…and it just so happens I turn 81 in 2070. You can see how this was an easy mistake to make lol.

Chris_QPW

As a side note, it would be a nice feature if there was an option to show your age with the year.

mvwabc

At 26 today, I would plan for a life longer than to age 81. You don't want to live to 101 and be a pauper for 20 years. You are on the right track to be planning for the now. Best of luck!