Amount
of Capital Required to
Provide
a Monthly Inflation Adjusted Income
| |
Male Life |
Female Life |
|
|
|
|
|
|
Age |
Expectancy |
Expectancy |
|
$2,000 |
$3,000 |
$4,000 |
$5,000 |
$8,000 |
| |
|
|
|
|
|
|
|
|
Age 55 |
22.2 |
27 |
|
$357,959 |
$536,939 |
$715,918 |
$894,898 |
$1,431,837 |
Age 60 |
18.4 |
22.8 |
|
$316,161 |
$474,242 |
$632,322 |
$790,403 |
$1,264,644 |
Age 65 |
14.9 |
18.9 |
|
$271,877 |
$407,815 |
$543,753 |
$679,691 |
$1,087,506 |
Age 70 |
11.9 |
15.3 |
|
$228,882 |
$343,323 |
$457,764 |
$572,204 |
$915,527 |
Age 75 |
9.2 |
12 |
|
$185,716 |
$278,574 |
$371,432 |
$464,290 |
$742,864 |
| |
|
|
|
|
|
|
|
|
The figures required are based on
male life expectancies. Single women require about
20% greater balances because of their longer life expectancy.
The retirement calculator assumes that the capital is spent
completely over the life expectancy. Assumed rate
of return is 8% and inflation is 4%. Example: a man
age 65 desiring $3000 a month from his investments needs
a portfolio of $407,815. The 8% return and 4% inflation
figures are hypothetical and do not reflect an investment
in any particular security. The market for all securities
is subject to fluctuation.
|
