Retirement Savings Spending Plan

Input Form:

Current retirement savings amount (in dollars):

Select percentage of retirement savings to be withdrawn yearly:

Select annual inflation adjustment:

Select annual growth rate of retirement savings:

Select current age:

Select life expectancy (in years):

Your Retirement Savings Spending Plan:

Breakdown of yearly spending amount by age is given below:

Age Yearly Spending Remaining Balance
>>> 65 40,000 969,600
>>> 66 40,800 938,088
>>> 67 41,600 905,453
>>> 68 42,400 871,684
>>> 69 43,200 836,769
>>> 70 44,000 800,697
>>> 71 44,800 763,456
>>> 72 45,600 725,035
>>> 73 46,400 685,421
>>> 74 47,200 644,603
>>> 75 48,000 602,569
>>> 76 48,800 559,307
>>> 77 49,600 514,804
>>> 78 50,400 469,048
>>> 79 51,200 422,026
>>> 80 52,000 373,726
>>> 81 52,800 324,135
>>> 82 53,600 273,240
>>> 83 54,400 221,028
>>> 84 55,200 167,486
>>> 85 56,000 112,601
>>> 86 56,800 56,359

* Note: savings accounts typically offer interest rates around 1% whereas high interest savings accounts offer higher interest rates. Moreover, interest rates of term deposits can be as high as 4% or 5%

** Disclaimer: information is provided solely for informational purposes, not for trading purposes or advice

Review retirement savings spending plan once every 12 months

Time withdrawals or conversions from registered retirement plans strategically to minimize tax impact

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Customer Information

Client Name: (max 30 characters)

Client Unique ID: (max 30 characters)

Client Personal Details: (max 300 characters)

Plan for:

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