Current Savings
One of the profiles I'm setting up involves being retired with no income other than what's generated from current savings and investments. Under 'net contributions' to savings, am I to put a negative value down on what I assume it'll cost me to live (i.e. consume) over the upcoming year, and do I assume that number is net of housing expenses, special expenditures, bequests and funeral expenses, taxes, life insurance premium payments and individual contributions to retirement accounts...? thank you.
RSS
No, ESPlanner will use the savings to come up with the "consumption " number. From tutorial page 3: Consumption refers here to all living expenses apart from housing expenses, special expenditures, contributions to a reserve fund, taxes, contributions to retirement accounts, and life insurance premium payments, all of which are treated as “off-the-top†expenditures that have to be made when they come due.
Set up an experiment with a profile with savings only and see what ESPlanner generates.