Retirement Calculator (from www.flexibleretirementplanner.com)
I recommend using the Flexible Retirement Planner (click here) as a tool for you to calculate the probability of having enough retirement savings to last your lifetime.
Use the Flexible Retirement Planner to estimate your retirement savings. A few notes on the tool:
1) A 40 year old with a moderate risk investment style has a 100% probability of having enough retirement savings to last throughout retirement.
2) A 40 year old with a very risk averse investment style has only a 55% probability of having enough retirement savings to last.
3) A 55 year old with a moderate investment style has a 99% probability of having enough retirement savings.
1) You must download and install the Java browser plug-in to run the tool.
2) Use your own figures in each field to run your own calculations.
Use 3% for the Inflation - Average input. Use 3% for the Inflation – Standard Deviation input.3) Press the ‘RUN SIMULATION’ button at the top of the window after you enter your inputs. Do not press the ‘SHOW ALL RUNS’ button.
Profile 1: 40 year old with a moderate risk investment style
- Flexible Retirement Planner shows a 100% probability of being able to fund all retirement expenses throughout life expectancy
Click on the image below for a larger view
Profile 2: 40 year old with a very risk averse investment style
(100% bonds with 3% average return)- Flexible Retirement Planner shows a 55% probability of being able to fund all retirement expenses throughout life expectancy
Click on the image below for a larger view
Profile 3: 55 year old with a moderate risk investment style
- Flexible Retirement Planner shows a 99% probability of being able to fund all retirement expenses throughout life expectancy
Click on the image below for a larger view
Ausdal Financial Partners is not responsible for the content of any of the above links.
Securities and Financial Planning services offered through Ausdal Financial Partners, a registered broker-dealer and member FINRA/SIPC (www.finra.com) and and Registered Investment Adviser. 220 North Main Street, Suite 400, Davenport, Iowa 52801, (563)326-2064. Joan K. Norton, CMFC, RFC, LLC and Ausdal Financial Partners are Independent Companies.
See below for sample Flexible Retirement Planner results covering 3 profiles:
