These data are based on calculations for non-smoking individuals with average health using the Actuaries Longevity Illustrator developed by the American Academy of Actuaries and the Society of Actuaries, available at: http://www.longevityillustrator.org/
In 2016, Social Security replaced about 50% of pre-retirement income at age 65 for the typical low earner (income of $21,000 in 2015), 39% for the medium earner (income of about $48,000) and 32% for the high earner (over $76,000 in income). National Academy of Social Insurance, Social Security Benefits, Finances and Policy Options: A Primer
(2016), available at: https://www.nasi.org/socialsecurityprimer
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Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
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Any guarantees are subject to the issuer’s claims-paying ability. Payments from variable annuities will rise or fall based on investment performance.