I'm Retired, How Long Will My Savings Last?

Due to increasing life expectancies, many are running into the problem of outlasting their savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. You may currently be in receipt of a company pension or other fixed income such as Social Security to help supplement your retirement savings account

Income Objectives
Monthly income needed: (before-tax)  
Annual increases (if any): (%) help
Fixed Income Receipts
Monthly Social Security income  
Annual Social Security increases: (%) help
Monthly pension income  
Annual pension increases (if any): (%) help
Monthly other income  
Annual other income increases (if any): (%) help
Savings And Assumptions
Current savings balance  
Annual before-tax return on savings: (%) help
Desired amortization schedule  
 

 

Investment options are offered through a group variable annuity contract (Forms 902-GAQC-09 or 902-GAQC-09(CT) or 902-GAQC-09(OR)) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha Life Insurance Company, Omaha, NE 68175 is not licensed in New York. In New York, Companion Life Insurance Company, Hauppauge, NY 11788 underwrites the group variable annuity (Form 900-GAQC-07(NY)). Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as to the Guaranteed Account and the Lifetime Guaranteed Income Account as provided under the contract. Neither United of Omaha Life Insurance Company, Companion Life Insurance Company, nor their representatives or affiliates offers investment advice in connection with the contract.

AFN40101-611_0411