How to Add a Scenario

 Scenarios are groups of…

  •  Accounts
  •  Properties
  •  Rules and
  •  Goals

…that you combine to see how a particular investment strategy performs for you based on the assumptions you enter.

So, how do you add a new  Scenario? Well, it is super easy.

First, register for a free Real Estate Financial Planner™ software account.

Next, log in to your Real Estate Financial Planner™.

Then, click on the  Scenarios page.

Once on the  Scenarios page, click on the Add New  Scenario button.

IMPORTANT NOTE: If you have more  Scenarios than your account limit, you will need to delete one or more  Scenarios before being able to add a new one.

Scenario Inputs

Once you’ve created the  Scenario, you will be asked to answer a few questions about the new  Scenario including what you want to call it as well as a description.

Name Your Scenario

The Scenario Name is what you will use to identify your  Scenario from the other ones in your Real Estate Financial Planner™ software account. You might call it: “John and Sue’s Personal Investment Plan” or “Paying Off Houses Early” or “Nomad Every Year For 5 Years” or whatever you’d like to test.

How Long Do You Want To Measure

The Number Of Months is the number of months that you want to run your  Scenario for to see how your investments do. If you only want to see the next 10 years, go ahead and put 120 months. If you want to see how your investments perform based on your assumptions over 20 years, go ahead and enter 240. The shorter it is the faster the  Scenario will run. See why does it take so long for more information on how long it takes to run  Scenarios and why you may want to model shorter durations (at least until you get your  Scenario set up correctly).

The system will default to 480 months so use that if you want.

Optional Info To Personalize Charts

The next two groups of inputs are optional. If you want, you can enter in your name and the name of your significant other/spouse. Plus, you can enter in your birthday and their birthday. Some  Charts will allow you to select age as a timeline option instead of month or date. To be able to show your age on  Charts, you will need to enter your birthday.

Your Effective Income Tax Rate

Enter in your Effective Income Tax Rate. Use the link below the input field if you need help determining what your Effective Income Tax Rate is. This is used to calculate how much tax you’re paying on money earned in a specific  Scenario.

The Real Estate Financial Planner™ software will default to 15% so if you don’t know your own Effective Income Tax Rate, go ahead and use the default.

Inflation Rate

Next, enter in the Inflation Rate for your  Scenario. This is used to tell you what a dollar in the future is worth in today’s dollars. Historically, inflation has been about 3% per year, so the Real Estate Financial Planner™ software defaults to that and I’d recommend you use that unless you’re specifically testing something related to inflation.

Describe It and Make Notes

Finally, for your own records, feel free to write out the description of your  Scenario in the Scenario Description field. This is your spot to make notes about what you’re testing and why so you can remember when you come back to it later.

Premium Options

If you have a  Premium Real Estate Financial Planner™ software account and have  Monte Carlo turned on, you will also be asked how many  Monte Carlo runs you’d like to do for this  Scenario. I recommend keeping this at 1 until you know for certain that you’re wanting to do  Monte Carlo.

And, that’s it. Once you’ve added your  Scenario you can begin to add your  Accounts,  Properties,  Rules and  Goals to model your specific investing strategy and see how it performs.


Are you looking to read more about  Scenarios on the Real Estate Financial Planner™ software? These are some additional blog posts.

Adding to Scenarios

Do you want more info on how to add your “stuff” to  Scenarios? Learn more with these related posts.

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