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