How long will my money last?

Now that it's time to retire, how much can I withdraw from my 401k/IRA and how long will my money last? Due to volatility and fees, Mutual funds advisors recommend withdrawing about 3.5% of your balance,which is way too low. A Bank CD or a Fixed Indexed Annuity (FIA) can allow you to safely withdraw 4-6% of your account while protecting your principal from fees or market volatility. An Income for Life rider will never run out of payments. Let's compare the three options.

Client Profile

Client's name

Age to start income

Advisor/Agent Name

Savings Assumptions

Starting amount (rollover)

Proposed annuity yearly withdrawal*

Estimated annuity rate of return %

Annual withdrawal amount

Estimated bank rate of return %

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This calculation is based on information and assumptions you provide today and may help you analyze your financial needs, goals, expectations and financial situation for the future. The hypothetical results do not infer that the company assumes any fiduciary duties and should not be construed as financial, legal or tax advice. As with all web based formulas, we believe this calculator to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.