My Personal Pension®
In four simple steps, calculate your own “personal pension” that never runs out. See how much monthly income you could receive in retirement by contributing to our TIAA Traditional annuity (found in TIAA employer-sponsored plans). Not eligible for a TIAA employer-sponsored plan?
Not sure how much to contribute?Don't know how much to contribute to TIAA Traditional? A good starting place is approximately "half your age."
Example: Someone 50 years old who has $100,000 saved for retirement and contributes $200/month would transfer a Starting Amount of $25,000 (25%) and set up Monthly Contributions of $50 (25%).
CURRENT AGE
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Estimated monthly income1
Estimated annual amount1
Your estimated payments were calculated by combining your contributions, guaranteed growth, plus an additional in “
profit sharingTIAA Traditional “shares profits” through additional amounts of interest and annuity income. They're not guaranteed other than for the period for which they were declared and only available through employer-sponsored plans.
” from TIAA.How are these numbers calculated?
The Estimated Payments are not guaranteed; they are an estimate based upon these hypothetical assumptions: declared interest earnings of 4% during accumulation; once lifetime income begins, we use 3.5% interest earnings and mortality based on the 2019 TIAA unisex mortality rates for a single life annuity with a 10-year guaranteed period, as well as hypothetical additional amounts based on the number of accumulation years (0% for 1-5 years; increasing 0.5% annually years 6-39; 17.5% for 40+ years).
This calculator is an estimate using the assumptions above. For those with existing accumulations in the TIAA Secure Income Account, contact your plan recordkeeper's call center and ask about lifetime income options from your TIAA Secure Income Account balance. They will have the ability to conference in a TIAA consultant to provide information on the benefits of lifetime income, request a personalized lifetime income illustration, and begin the process of starting lifetime income payments if you are ready to do so.
The Estimated Payments are intended to illustrate the potential of the TIAA Secure Income Account, a fixed interest annuity that provides guaranteed interest between 1-3%. Although the TIAA Secure Income Account is a new TIAA fixed annuity, it has some similarities to other TIAA fixed annuities such as the TIAA Traditional. TIAA Traditional has provided additional discretionary interest in the accumulation phase since 1948 and additional income above the guarantee since 1949. TIAA has shared profits with TIAA Traditional owners through declared additional amounts of interest, and/or additional amounts of lifetime annuity income, and/or through increases in annuity income throughout retirement. These additional amounts are not guaranteed, however since 1994, those receiving lifetime income from TIAA Traditional have experienced 16 increases in their annual annuity payment amounts (at an average increase of 1.07%). (Source: TIAA Actuarial Department based on actual historical data of the TIAA standard payout annuity.) Although TIAA intends to undertake a similar approach for TIAA Secure Income Account owners, note that actual amounts of interest and lifetime income above the guaranteed minimum for the TIAA Secure Income Account may differ from TIAA Traditional.
Important Information
This material is for informational or educational purposes only and does not constitute investment advice under ERISA or a securities recommendation under federal securities laws. This calculator is intended to provide you with information to help you make informed decisions. You should not view or construe the availability of this calculator as a suggestion that you take or refrain from taking a particular course of action, as the advice of an impartial fiduciary, as an offer to sell or a solicitation to buy or hold any securities, as a recommendation of any securities transactions or investment strategy involving securities (including account recommendations), or as a recommendation to rollover or transfer assets to TIAA. In making this calculator and information available to you, TIAA assumes that you are capable of evaluating the information and exercising independent judgment. As such, you should consider your other assets, income and investments and you should not rely on the information as the primary basis for making investment decisions. The information that you may derive from this calculator is for illustrative purposes only and is not individualized or based on your particular needs. This material does not take into account your specific objectives or circumstances, or suggest any specific course of action. Investment decisions should be made based on your own objectives and circumstances. The purpose of the calculator is not to predict future returns, but to be used as education only. The assumptions underlying this calculator are provided here and will change over time and from time to time. Contact your tax advisor regarding the tax implications. You should read all associated disclosures.
Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability.
Annuitization of participant's assets is a permanent decision and cannot be reversed.
Personal Pension refers to the income received from a guaranteed-interest annuity contract, not income provided by a defined benefit pension plan.
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.
The TIAA Secure Income Account is a guaranteed annuity issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY and not an investment for federal securities law purposes.
