Retirement Income $-$ Time Value of Money

You can spend only the investment income generated from your nest egg. Most retirees try not to touch the principal. Or you can spend both the income and the nest egg itself.

These calculators let you input the size of the retirement wealth and the investment return to be earned. They then make time value computations to determine the annual income the nest egg will provide.

Step $1-$ Determine the amount of money you will need$/$want to retire. $$2$ Million

Step $2-$ Determine at what age you wish to retire $65$ years.

Step $3-$ Calculate how much you will need to "pay" each month if

a$)$ You Pay Each MONTH until you retire

b$)$ You Pay Each MONTH for the next $10$ years and then stop

c$)$ You WAIT $10$ years and then Pay Each MONTH until you retire

Step $4-$ Based on your retirement age, how much can you take out each month

a$)$ You live $20$ years past retirement

b$)$ You live $30$ years past retirement

c$)$ You live $40$ years past retirement