Economics' Approach to Planning

No one wants to splurge today and starve tomorrow,
nor do the opposite.

Life-cycle consumption smoothing—balancing our living standard through time—
is the goal. But finding the right current and future spending targets to achieve that goal is a complex mathematical problem.

Economists have worked on this problem for a century. Now, based on advances in desktop computing and numerical algorithms, you can implement life-cycle consumption smoothing using ESPlanner.

ESPlanner

• calculates your sustainable living standard
• incorporates all of your resources and "off-the-top" expenditures
• makes highly detailed annual tax and Social Security benefit calculations
• helps you raise, smooth, and protect your living standard
• shows impacts of early retirement and other lifestyle decisions
• provides annual saving, spending, and insurance recommendations

ESPlannerPLUS includes Monte Carlo simulations showing how your investment choices affect the variability of your living standard.