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Why Retirement Calculators Disagree on How Much You Need to Retire
Mind Over Market 
Jan. 5, 2017
"If you plan to use a retirement calculator you should keep in mind that retirement calculators rely on assumptions about the future that may turn out to be wrong ... Retired software developer Darren Kirkpatrick tested several calculators in 2012 and found the forecasts less than convincing.... Some calculators err by relying on inflation rates that are too low for the long term and err again by assuming a rate of return on investments that may be too high. '[That] gives you a bit of insight into where you stand financially today, but it tells you virtually nothing about what will happen in the future,' he has stated."
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