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Shares / Re: Financial independence - Calculator ( Covering TFSA / Equity and RA)
« on: September 02, 2018, 01:13:58 am »re-looking at all these formulas really made me wonder where did i find the time :O
in the specific test data you entered, the above corrections might be more accurate, but then lots of other dependencies is affected (for example the RA tax return).
looking at it now, it is a bug, but the work required to fix it seems daunting... i might sleep on it and feel intrigued to fix it tomorrow:P
for now, think it will be safe to stick with the calculated values, and "work" one month longer eg 1 year +1 month
thx for testing in such detail!
A little while after I posted, I also noticed the tax return thing, so I'm glad we're on the same page there. It does look like it would be difficult to fix, and in a longer term scenario of ~25 years (which is what I'm most interested in) it will hardly matter.
After plugging in some conservative numbers, I'm feeling a lot more comfortable now about my prospects in retirement!