According to the Employee Benefit Research Institute (EBRI), only 13% of pre-retirees surveyed felt “very confident� that they'll have enough money to live comfortably during retirement.
One of the greatest concerns of those approaching retirement is whether they have saved enough money to last a lifetime.
Use this calculator to estimate the lifespan of your retirement portfolio based on your expected return and rate of inflation.
According to EBRI, 51% of today's retirees say they need just as much or more income as they did when they were working.
It’s important that you accumulate a large enough portfolio to meet your retirement income expectations. Based on the assumptions you entered, the results below show how long your portfolio would potentially last based on the rate of return and monthly income need you entered.
The expected value of your investment portfolio at retirement:
$0
The annual rate of return you expect to earn on this portfolio:
0%
The annual rate of inflation you expect during retirement:
0%
The money you will need each month:
$0
Your portfolio should last:
0 years
Will your portfolio last as long as you hoped? If this estimate does not meet your
expectations, you may want to consider increasing your retirement savings, or consider
whether you may be able to position a portion of your portfolio for potentially
greater gains. But remember, with increased return potential comes increased investment
risk.
Retirement Portfolio Lifespan
This hypothetical illustration does not represent the performance of any particular
investment vehicle. Investments seeking higher rates of return also involve a higher
degree of investment risk. Rates of return will vary over time, particularly for
long-term investments.
This hypothetical example is used for illustrative purposes only. Actual results will vary.
This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.
// 0 && cy 0) { e = alert("Your portfolio will last more than 75 years"); } else { e = years; } mp = 12; g = Math.max(1, Math.round(years / mp)); dArr = gArr[0]; lArr = [1]; ld = dArr; lb = [1]; A = a; B = b; C = c; D = d; E = years; Y = yArr; Z = gArr;';
var Validate = function () {
var _r1 = $Gid('b').value; if (_r1 10) { alert('you must enter a rate of return between 0% and 10%'); return false; } else { return true; }
}
var Questions = [
new Question('The expected value of your investment portfolio at retirement:', null, 'a', null, null, null, null, 1, {defaultvalue: 250000, slidervalues:[0, 250000, 500000, 750000, 1000000]}),
new Question('The annual rate of return you expect to earn on this portfolio (0% to 10%):', null, 'b', null, null, null, null, 1, {defaultvalue: 6, slidervalues:[0, 2, 4, 6, 8, 10]}),
new Question('The annual rate of inflation you expect during retirement:', null, 'c', null, null, null, null, 2, {defaultvalue: 3, slidervalues:[0, 3, 6, 9, 12]}),
new Question('The amount of money you will need each month during the first year of retirement:', null, 'd', null, null, null, null, 2, {defaultvalue: 2000, slidervalues:[0, 2500, 5000, 7500, 10000]})
];
var Answers = ['$A', '%B', '%C', '$D', '&E'];
var ChartTitle = '';
var ChartLabels = ['Year', 'Amount'];
var ChartData = ['Y', 'Z'];
vAxisFormat = '$#,###';
hAxisFormat = '0000';
hAxisTitle = 'Year';
chartLeft = '90';
initCalc();
var dd = new Date();
$Gid('this_year').innerHTML = dd.getFullYear();
//]]>
Case Studies
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