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I’ve been messing with Grok for retirement planning
Posted on 8/10/25 at 11:37 am
Posted on 8/10/25 at 11:37 am
It cranks out different scenarios quickly and shows its work (equations it used to calculate). Told it what hobbies I wanted to , trips I wanted to take and it factors it all in. Anybody tried another AI model they like? I’m pretty impressed with what it’s able to show me on savings rates, spend rates, and leaving money for my kids. It prompts good questions to tighten up the model.
9
Posted on 8/10/25 at 11:54 am to JL
I tried the same with ChatGPT and it did decent enough.
I did use it for excel formulas and put them into a workbook and modeled different return rates.
Did you learn anything you didn’t know through the process?
I did use it for excel formulas and put them into a workbook and modeled different return rates.
Did you learn anything you didn’t know through the process?
Posted on 8/10/25 at 12:11 pm to Larry Gooseman
I can retire at 55, buy a 55 ft catamaran and sail it for 8 years till my wife retires, sell it, and still have a really good retirement. We’ll see how she feels about it.
Posted on 8/10/25 at 12:47 pm to JL
8 years free from you, she may just send you back out 
Posted on 8/10/25 at 1:00 pm to JL
I've been using CoPilot (part of my Microsoft 365 subscription), ChatGPT and Grok. I find CoPilot to be the most "analytic" of the 3, but they all provide good analysis and thought provoking opinions.
Posted on 8/10/25 at 1:02 pm to JL
I’m 40 and modeling hard for 55-57 retirement.
Was using modeling to understand where I expect my balances to be across:
1 Traditional
2 Tax free (Roth + HSA)
3 Capital gains (brokerage and real estate)
I also modeled based on what was available to us at which age.
Was using modeling to understand where I expect my balances to be across:
1 Traditional
2 Tax free (Roth + HSA)
3 Capital gains (brokerage and real estate)
I also modeled based on what was available to us at which age.
Posted on 8/10/25 at 1:38 pm to JL
Using ChatGPT for RMD reduction planning.
Solid.
Solid.
Posted on 8/10/25 at 1:47 pm to Artificial Ignorance
I asked AI some straight forward.retirement tax questions and it gave me incorrect answers.
Posted on 8/10/25 at 2:47 pm to JL
Here is my retirement assessment:
1) Determine how much you think you'll need to have a financially comfortable retirement.
2) Double it....
1) Determine how much you think you'll need to have a financially comfortable retirement.
2) Double it....
Posted on 8/10/25 at 3:39 pm to LSURussian
Well that’s depressing haha. Guess I’ll pass on the sailboat.
Posted on 8/10/25 at 3:51 pm to LSURussian
quote:
Double it....
Adding inflation adjusted balances is a capability too of ChatGPT. At 2.5% inflation your money is worth half as much in 28.8 years. The more you know!
The inflation adjustment definitely adds a powerful dimension to the analysis.
Posted on 8/10/25 at 5:16 pm to Larry Gooseman
The most basic retirement calculators use inflation adjusted returns this is nothing new.
Posted on 8/10/25 at 8:12 pm to LSURussian
It depends what you plan on doing in retirement. I’ve talked to quite a few retired folks who say they have way more money than they thought they needed. Do you plan on golfing everyday or traveling the world for years? Long as your house is paid off, it’s cheaper than most think (so I’ve been told).
Posted on 8/10/25 at 8:15 pm to Larry Gooseman
quote:
At 2.5% inflation
Good luck with that. The average annual inflation rate (CPI) going back to 1913 is 3.1%. Thanks, Congress.
Posted on 8/10/25 at 10:06 pm to LSURussian
quote:
Here is my retirement assessment:
1) Determine how much you think you'll need to have a financially comfortable retirement.
2) Double it....
Great answer. It really is. What I thought would be GREAT when I was 40 would still be really good, but Bidenflation has me wanting double that at age 51 to feel comfortable maintaining my lifestyle and preserving wealth for my kids and grandkids.
Posted on 8/10/25 at 11:23 pm to JL
I used chat gpt for a retirement projection. It spit out the python code it used and I tweaked it. I got into the weeds with social security, RMD’s, inflation, expenses dropping once kids off payroll, grossing up withdrawals for taxes, etc.
I will still use a CFP but will definitely compare his numbers to mine.
I will still use a CFP but will definitely compare his numbers to mine.
Posted on 8/10/25 at 11:46 pm to Chicken
quote:
expenses dropping once kids off payroll,
When does that happen?
Posted on 8/11/25 at 6:21 am to JL
Cant wait until AI takes your job.
Posted on 8/11/25 at 9:57 am to PotatoChip
quote:my house will be paid for. All kids out of house and off the payroll in about 6 years. I can see us able to make it on very little. I can also see us wanting to travel and have some fun still. So projections can widely range.
It depends what you plan on doing in retirement. I’ve talked to quite a few retired folks who say they have way more money than they thought they needed. Do you plan on golfing everyday or traveling the world for years? Long as your house is paid off, it’s cheaper than most think (so I’ve been told).
Posted on 8/11/25 at 9:57 am to Bard
Good luck with that. The average annual inflation rate (CPI) going back to 1913 is 3.1%. Thanks, Congress.
___________
And the reported inflation numbers are never correct. They are always lower than reality.
___________
And the reported inflation numbers are never correct. They are always lower than reality.
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