The movie, “Sully,” demonstrates how knowledge and experience may be better than computer simulations when it comes to making the best decisions about where to safely land your jetliner in an emergency.
I think you can say the same thing about planning for retirement.
Many people default to the use of financial calculators because they don’t know how else to get the unbiased information they need. These calculators are designed to show how much money you need to save in order to have a certain income after you stop working – along with what the likelihood is that the savings will last longer than you do. More