Post by timm2006 on Feb 7, 2017 11:53:14 GMT
Hello all,for a bit of fun, being a programmer as well as a P2P investor, I have built software application that can calculate P2P returns. I wanted to know could I build up a P2P investment large enough to sustain a retirement income in 20-25 years. I also wanted to when my investment would reach a level where I could retire as soon as the interest income reached a certain amount. Once I retire, what income could I get, and how long would my investments last if I did a drawdown each year? Basically, I want to retire as soon as possible, and this calculator allows me to try out different scenarios to work out the best strategy to allow this.
He's a summary of how the calculator works:
- First create a scenario. You are prompted for investment length during the accumulation stage, and whether you would to draw an income from the interest while investing.
- Next, choose which P2P providers you are investing in and how much you are investing in each provider a month. For example I am putting £100 into a few different P2P providers.
- Calculate the final balance after x years of investing.
- Experiment in the Drawdown (Decumulation) stage with different yearly income needs and how many years the income is needed.
- The calculator will then tell you whether your desired income is sustainable over the retirement period or how long your money will last.
The calculator can help answer questions like:
- What happens if I were to withdraw % of interest during the investment stage - from the start or after a number of years?
- When could I take an income over x amount from the interest?
- At what point does the interest received exceed the total amount of contributions?
- Can I retire in x years time?
- Should I put all the money in one or two providers, or should I spread it over a number of different providers?
- Can I take an income of £x,000 and will it last me my retirement?
- How will inflation affect my retirement income plans?
I'm looking for volunteers who are interested in helping test the calculator, experiment with it, and come back to me with feedback, and maybe it will help you as well with your P2P investment goals.
If you are interested in helping, please PM me with your contact details and why you are interested in testing it.
Thanks
He's a summary of how the calculator works:
- First create a scenario. You are prompted for investment length during the accumulation stage, and whether you would to draw an income from the interest while investing.
- Next, choose which P2P providers you are investing in and how much you are investing in each provider a month. For example I am putting £100 into a few different P2P providers.
- Calculate the final balance after x years of investing.
- Experiment in the Drawdown (Decumulation) stage with different yearly income needs and how many years the income is needed.
- The calculator will then tell you whether your desired income is sustainable over the retirement period or how long your money will last.
The calculator can help answer questions like:
- What happens if I were to withdraw % of interest during the investment stage - from the start or after a number of years?
- When could I take an income over x amount from the interest?
- At what point does the interest received exceed the total amount of contributions?
- Can I retire in x years time?
- Should I put all the money in one or two providers, or should I spread it over a number of different providers?
- Can I take an income of £x,000 and will it last me my retirement?
- How will inflation affect my retirement income plans?
I'm looking for volunteers who are interested in helping test the calculator, experiment with it, and come back to me with feedback, and maybe it will help you as well with your P2P investment goals.
If you are interested in helping, please PM me with your contact details and why you are interested in testing it.
Thanks
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