Understanding your financial needs throughout your retirement years is essential in achieving true financial independence over a long retirement. This calculator will help you understand how long your retirement assets will last given the data points you provide… see below for instructions for using this calculator.
Identifying the extent of your core financial risks such as market volatility and life longevity (outliving your assets) is key in determining which type of annuity, if any, should be purchased. Fortunately, the great team at Torrid Technologies has graciously allowed us to provide you with free access to the lite version of their Retirement Savings Planner software. This version of the software allows you to get a high-level view of your financial health across your retirement years.
To learn more about the full version of this software, just click on the applicable link below for video tutorials.
Disclaimer: The lite version of this software is for high-level illustrations only…. do not rely on it to make final decisions. We recommend that you consult with a licensed retirement income advisor for professional guidance. To find an education-first retirement income advisor, you can reach out to one of the annuity advisors featured in Annuity123’s Wiki University.