The Retirement Income Calculator helps us to estimate how much income we will need in retirement.
Although there are several rules of thumb useful for long-term planning, this calculator allows us to refine these estimates and adjust to our specific circumstances.
It shows what will be the our estimated monthly income from several sources, including social pensions, benefit pensions or other monthly income sources and the income obtained from our retirement investing plan.
It tells us if we are on target with our goals in terms of cost and quality of living we want to have once retired.
It allows us to compare what we have to what we need, as well as to align our goals with our initial financial situation and future contributions.
It makes it also possible to simulate the effect of changes in the portfolio return assumptions in our final outcome.