calculate your future wealth

Coda your wealth planning

Integrate capital, inflation, ROI and allowances

I was asked by a friend to figure out how much money someone needs each month to live well. Private bankers, who should know this, are surprisingly unclear. They say ‘it depends’ and then give a confusing answer that lets them off the hook. I’m not a banker; I write programs for calculations and use data from past market performance (gold, stocks, etc.) to make predictions. For example, I recently wrote about the CPI, which is one of the inflation indicators used in this analysis.

Before building the solution in Coda, I checked if an AI could handle it. It could, and the results were acceptable, aside from minor rounding errors. This begs the question: why invest time in Coda and develop a complex setup when an AI can deliver similar results?

I see several compelling reasons, beyond the enjoyment of coding in Coda:

• The output in Coda is consistently accurate and reliable, which is crucial when dealing with financial data. While AI is impressive, its reliability in this specific context is not yet fully established.
• The Coda document requires minimal prior knowledge or understanding. Users need to input data into text boxes and adjust sliders to define inflation and returns.
• Coda allows us to…