Interactive financial planning
Visualizing the impact of a budget and investments in the long term was difficult for me. I put together a small website that attempts to show that: http://blabr.io/?2efbdcc151a2e3e57d75
In short, the website shows a plot of income, expenses, and net worth over time with sliders and small tables to specify basic assumptions about a budget, future goals, and retirement spending.
The website is entirely open source, its code is at the bottom of the page, and it runs client side. It leverages a scientific education platform called http://blabr.io/ that was really cool to use.
Future items I’d like to add:
- Better Taxation Rules
- Specific asset classes and investment accounts with associated taxation, withdraw limits, and contribution limits
- Investment allocation strategy with a changing risk profile and tax conscious account allocation
- Social security income
- Highlighting the “important” factors (i.e., the ones that impact the plot the most)
- A probabilistic simulation to get a better result estimate (i.e., confidence intervals)
Discussion on HN: https://news.ycombinator.com/item?id=10608281