Limitations

Draupne is a planning tool, not investment advice. This page lists what the calculator on these English pages counts and what it leaves out, and what the articles' figures are.

• The generic calculator uses income and expected returns after tax. It does not calculate additional income, withdrawal or wealth taxes, and contains no country's brackets, allowances, deductions or tax-free accounts. Use amounts in one consistent unit: currency labels and conversions are not included.
• Pensions are not included yet: no public or workplace pension, so the figures are cautious.
• Everything is in today's money. The invested portfolio is the money used in the projection; cash outside it is not included.
• The freedom year is the earliest year to stop working whose year-by-year run, at the expected return, lasts until the age you chose. The probability figure runs that year again with returns that vary from year to year. Both are estimates, assuming the stated income, spending and return assumptions hold.
• The FIRE number is the invested portfolio whose withdrawal at your chosen rate covers your expenses. The starting assumption is 4%. It does not set the freedom year, so the two can differ.
• For now, English articles use only published figures from named sources, with the arithmetic shown in the article. They do not present a figure as computed by Draupne's engine, and they do not apply Norway's tax rules to readers elsewhere.
• Taxes, pensions and savings accounts differ from country to country and change over time. A figure that holds in one country may not hold in another.
• Historical returns and studies describe what happened, not what will happen. Every figure is an estimate, assuming that the stated assumptions hold.
• Not covered: anyone's full situation, such as debts, family, health, inheritance, moving abroad or changes in law.