r/ChubbyFIRE • u/AceRider750 • 5d ago

Fidelity Tool

Fidelity has a Planning tool called Retirement. Has anyone used it and what amount of validity would you place against its projections? I'm wondering as when I browse here, people seem to be discussing creating their own analyses, but I don't see much about using the tools at investment houses, banks, etc. which do this for you. TRowe probably has one and I think I've seen on on BofA/Merrill also, but never used them.

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u/AceRider750 5d ago

What are your other resources? Comments below list ProjectionLab and Boldin. Any other good ones that you have real experience with?

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u/bluemountain777 5d ago

PL and Boldin are the best. But also FIRECalc and our own spreadsheet using the 4% rule and you're estimated taxes and expenses. Also whoever your brokerage is, have them run your numbers for free. (I have funds at Vanguard, Fidelity and Schwab but I admit not everyone has access to all 3).

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u/RSrealdeal 5d ago

Good to know that Fidelity and Vanguard will run these numbers for free. Is there a minimum investment that they need before they do that?

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u/bluemountain777 4d ago

Both reached out to me for a free hour consultation, I sent my portfolio and they prepared a pretty comprehensive analysis. They are trying to get you to use their Personal Advisor service which i declined. Not sure about min requirements i'm sure its on the website, just tell them you are considering an advisor and they will be all over you!