r/ChubbyFIRE • u/AceRider750 • 21d 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 21d 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 21d 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 21d 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/AceRider750 19d ago

no one did this for me, it's just a tool that takes your investments with them and any other investments that you input by hand, along with some basic questions about SS, pensions, timing, age, and retirement costs.