Planning your retirement

IMPORTANT: The projections or other information generated by the Planning & Guidance Center's Retirement Analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Your results may vary with each use and over time. For hypothetical illustration only. Retirement income is based on estimated Social Security and estimated withdrawal amount from retirement savings after age 67.

The Social Security estimate assumes the hypothetical person's age is 48 and he earns $70,000 in annual income and that he will be claiming Social Security at his full retirement age of 67. Further assumptions are 4% income growth and 30% income reduction during semi-retirement at age 55 or 58.

Estimated withdrawal amounts are Monte Carlo simulations based on historical asset class returns and are not recommendations. It assumes the $300,000 balance is invested in a target date fund, and a 15% saving rate until semi-retirement, and then 0% saving rate during semi-retirement. Withdrawals begin at age 67 with a 10% effective tax rate in retirement and a plan to age of 93. See the methodology footnote* below for more.

All numbers are in today's dollar and rounded down to the nearest $1,000.

Source: Fidelity Investments.