Retirement Simulator

Retirement-simulator library. It is intended to be used in an exploratory manner in an ObservableHQ notebook.

Key Modelling Concepts

Balance Sheet

These concepts are what you have; together, they determine your net worth.

let net_worth = assets - liabilities

• Asset: What you own
• Liability: What you owe. Loans, mortages, debts.

Cash Flow

Cash flow is money in or out. Together, they determine your net income, which can be positive or negative.

let net_income = income - expense

• Expense
• Income

While technically, asset growth is reinvested investment income, we do not need to model it that way, as it would complicate the picture with details. With investments in a protected tax-deferred retirement account, with dividends and interest automatically reinvested, it is simpler to model as compound growth. However, nothing prevents you from modeling it as an income stream adding to the asset.

Other

• IncomeStream connects sources (Income or withdrawal from Asset) to Expense
• IncomeTax a tax based on income. Other taxes are an Expense.
• Scenario a particular configuration of the above
• Snapshot the state of a scenario at a point in time.

Interfaces

The key modeling classes have corresponding interface types, to facilitate working with the raw data without instantiation as a class instance.

• IAsset
• ILiability
• IExpense
• IIncome
• IIncomeStream connects sources (Income or withdrawal from Asset) to Expense
• IIncomeTax a tax based on income. Other taxes are an Expense.
• IScenario a particular configuration of the above
• ISnapshot the state of a scenario at a point in time.

Other Facilities

• color Provides a stable set of colors for graphing.
• Interpolated actuary data SS_2017.
• [[time]] provides utilities for working with time in relevant ways.