|
Most of us will partially rely on our savings during retirement.
Other online financial calculators have you spending all of your
money by ages 85 or 90 or your life expectancy. This is
not good planning since, by definition, half of us will live past
our life expectancy!
This is especially important for women
as more than half will live past age 85. Actually, a 50-year old
woman in excellent health has a 38% chance of living past age 90 and
a 6% chance of living past 100. All of us must plan ahead --
probably farther than we think.
This calculator assumes you will make
it to your retirement age and adjusts for expected future changes in
mortality rates. If there are two of you, we assume that withdrawals
do not begin until both of you are retired. For more
information, click the drop-down links in the More Info box above.
In the boxes below,
enter your birth date and that of your spouse or partner (if any). Be sure to
change the gender and health boxes
as appropriate.
|
