Your year of birth. Used together with Retirement Age to calculate the year your retirement begins.
The age at which you plan to retire and begin drawing from your portfolio.
Your estimated life expectancy — the age through which you wish to plan your retirement finances. The two optimisation buttons use this age as their target, and it is marked clearly in both the chart and the table.
The total value of your investment portfolio at the start of retirement.
$6,000
Finds the highest possible monthly spending amount that exhausts the portfolio to exactly $0 at the Highlight Age. All other settings (inflation, income, return rate) are respected.Finds the monthly spending amount that leaves the portfolio balance equal to the starting balance at the Highlight Age — spending only from investment returns and income, preserving your capital.
$0
5.0%
2.5%
Sets up a New York Life Fixed Index Annuity scenario using your current Starting Balance. Sets Annual Return to 5% (principal-protected floor), calculates your guaranteed annuity income at 6.6% of your balance (gross), deducts estimated federal and California state tax to arrive at a net after-tax income figure, turns OFF inflation adjustment on income (annuity pays a fixed amount for life), turns ON inflation adjustment on spending (your costs will rise), then automatically solves for the maximum monthly spending that keeps your portfolio intact through the Highlight Age. Full tax breakdown is shown in the Analysis section below.