How It Works

The tool asks for basic information about you (and your spouse, if appropriate) and your retirement savings. Then it projects your retirement income needs, assuming they are equal to your annual compensation just before you retire plus the cost of medical insurance. Finally, it shows your projected income in retirement and estimates the percentage of your needs that income will cover.
With the information you enter, PlanAhead For Retirement® gives you a quick overview of your financial planning.

Based on the results, you may want to explore the following sections:
  • Advanced Inputs - lets you fit the tool more closely to your situation. . For example, you can adjust for inflation and change Social Security estimates.
  • Investment World - helps you choose a return rate for your pre-retirement investments and evaluate changes in your investments.

Tool Tips:
Dollar amounts: Enter dollar amounts without commas or dollar signs ($). You can use two decimal places. For example, you could enter 1000 or 1000.00 for a one-thousand dollar amount.

Blue text links to a different page within the tool, or to a page where you can send an email.

Green text brings up a pop-up box with additional information when you move the cursor over the text. When you move your cursor away, the box disappears.

If you have questions about using the tool or technical issues, contact Milliman at PlanAhead@milliman.com

DEMO