Assumptions:
- Inflation rate of 2.2 %
- Investment rate of return of 5.0 % until you convert your savings to income
- Contributions are made at the end of each year
- You continue to contribute up until age 65
- Your retirement savings are split evenly throughout your retirement in in today’s dollars

(we convert your savings into a stream of fixed income based on a standard annuity formula)
- Investment rate of return of 4.0 % after you convert your savings to income
- You will have no more savings by the age of 88