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A portion of your retirement income will likely be fixed or pre-determined
(from Social Security or a Pension Plan, for instance).
Any additional investments you have (through IRAs, savings accounts,
401(k) plans, or 403(b) plans, for example) will require some decisions.
How
much of your investments can you take out each year without running out of money
too soon?
You can use this tool to decide. And you can pull
together your retirement savings
By retirement savings, we mean IRAs, savings accounts, retirement accounts like 401(k) or 403(b) plans, as well as other lump sum amounts where you control how much you take out for spending. Retirement savings, for this purpose, does not include monthly payments from Social Security and pensions, which are usually fixed amounts that continue for your lifetime.
with
your fixed payments
By fixed payments, we mean monthly payments from Social Security, pensions, payout annuities, and other payments that continue for your lifetime.
such as pension and Social Security benefits, to see the whole picture.
If your retirement is still several years away and you're not sure how much money
you'll have, there's a different tool designed for you. Visit
PlanAhead For Retirement
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