What monthly income will your retirement savings provide? The number of years you will need it to last, the expected rate of return on your outstanding savings balance and the rate at which withdrawals from your savings account will be taxed, will all be determining factors.
1 Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, tax or legal advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.