TL;DR: I'm in my mid-50s, in what I think is a pretty good financial position, and I'm looking for a site or tool I can use to see what the future looks like based on age, desired income, etc. I've done a lot of Googling but haven't found what I want.
My spouse and I are SINKs (Single Income No Kids). We own our house and have no mortgage. Our total net worth is just shy of $3M. We have no debt, beyond the amount we spend month-to-month on our credit card (balance paid in full each month).
Spouse is already retired, I'm still working. I had a plan in mind to retire around 62, but now I'm thinking it might be feasible to do it earlier. I'd love to find a tool where I can enter various scenarios and see if they'd work - things like retiring earlier than 62, testing out different income levels, etc.
We bank with and invest through JPMChase, but they don't have a "what if" tool like this (at least to my knowledge).
Is anyone aware of tools that would allow me to forecast chances of success based on various age/income/expense scenarios? Thank you.
original posted by Whimsical_0928 to r/personalfinance on Wed, 06 Mar 2024 21:12:39 GMT.