Retirement Profile (RP) is an educational tool designed to help users (within 5 years of retirement) envision their retirement lifestyle, directionally assess their income readiness and educate themselves on key topics to help prepare for retirement. The tool is intended to be a starting point to help users think through the emotional and financial aspects of retirement.
IMPORTANT: The projections or other information generated by Retirement Profile tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
The content on this website including the Retirement Profile tool is for educational purposes only. Results derived from this tool are based on your inputs and certain hypothetical assumptions and must not be regarded as a promise, projection or estimate of your actual situation at retirement. Differences between assumptions made by the tool and your actual situation may lead to different results. Your results may vary with each use and over time. The information contained herein does not constitute investment advice or an investment recommendation under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or Section 4975 of the Internal Revenue Code. You should not rely on this tool/guidance material as a primary basis for your retirement investment decisions.
Calculations, Assumptions & Limitations
Estimated Monthly Income is an after-tax estimate of your monthly income in retirement. This estimate uses the total amount of retirement savings and other available income sources (including Social Security and Pensions) as provided by you in the Finance Section of the tool. It assumes that your savings, available to fund your retirement goals, are invested in a 70% Bonds, 30% Stocks portfolio. The tool then calculates your maximum monthly income (at 90% confidence level) using Monte Carlo Simulation approach that takes into account 500 randomly generated potential market scenarios.