Start

This application helps you plan for your current retirement. It assumes that you are currently retired.

Public computer mode does not read or write planner cookies.

In the Settings tab you set the parameters to be used in calculating the plan

The Resources tab is where you define what type of retirement assets you have and and their balances.

The Expenses tab holds information on what you spend

The Income tab allows you to enter other sources of income such as pensions and Social Security

Once the data entry is completed. You'll be able to see a forecast of what your plan looks like.

Settings

Enter your current age, the number of years in the plan, and ther number of scenarios you want to use.
Note that the starting age for RMDs (Required Minimum Distributions) and the ending age are calculated.

The last item (stdDev) is the Standard Deviation for calculating the rate of return. Values in the range of 0.08 to 0.15 generally give realistic results.

Current Age
RMD Age
Years in Plan
Age Plan Ends
Num Scenarios
Std Dev
Inflation Rate
%

Savings Data

Select the checkbox for the types of accounts you have. Then enter the current balance in retirement IRA, Roth IRA, and Savings Account.
You can also modify the the average rate of return that will be used for calculations.

$
$
$
$
Return Rate IRAs
%
Return Rate Savings
%
Return Rate Brokerage
%
Total Resources:

Expense Data

Expenses are largely categorized as mortgages and regular or ongoing expenses. You can enter either monthly or annual numbers. The other value will be calculated.
One-time or irregular expenses can be entered in the Additions tab.

Mortgages have fixed interest rates and terms, while regular expenses are assumed to increase with the rate of inflation.

Monthly
Yearly
Fixed Mortgage
$
$
Regular Expenses
$
$
Initial Total Expenses:

Additional Expense Data

Add additional expenses for things like car purchases or significant expenses that occur once or only for a fixed number of years.

ID Start Year End Year Description Amount

Income

Income is derived from various sources, including fixed income, indexed income, and Social Security.
  • Fixed income - pensions and annuities that will not change over time
  • Indexed income - income sources that will increase with inflation
  • Social Security - benefits are also a key component of retirement income. (Only 85% taxable)
  • Inflation Rate - used to adjust the Indexed income, Social Security and taxes over time.
  • Start Age - the age at which each income source begins. Leave at your current age if it starts immediately.
  • End Age - the last age each income source is received. Leave at 999 if it continues for the rest of the plan.
Monthly
Yearly
Start Age
End Age
Fixed Income
$
Monthly
$
Yearly
Start Age
End Age
Indexed Income
$
Monthly
$
Yearly
Start Age
End Age
Social Security
$
Monthly
$
Yearly
Start Age
End Age
Inflation Rate
%
Set on the Settings tab.
Initial Total Income:

Results



Your retirement plan results will be displayed here.