Retirement Income Planner
Plan retirement income with savings growth projection. Calculate future savings, safe withdrawal rate, income gap. Use 4% rule for planning.
Your Information
The 4% Rule
4% rule: withdraw 4% of savings first year, adjust for inflation annually. Historically: portfolio lasts 30+ years with diversified investments. Based on Trinity Study. Adjust for: lower returns, longer retirement, market volatility. Consider: Social Security, pensions, part-time work reduce withdrawal needs.
Income Sources
401(k): employer match, tax advantage
IRA: traditional or Roth
Social Security: avg $1,500/mo at 67
Pension: if available
Investments: stocks, bonds, REITs
Part-time: supplement income
Tips
Start early - compound interest powerful. Max employer match - free money. Increase contributions with raises. Diversify investments. Review annually. Plan for healthcare costs. Consider Roth for tax-free withdrawals. Delay Social Security for higher benefit. Reduce expenses before retirement.