Income During Retirement
Have you thought about income in retirement?

On average, individuals may need to replace about 70% of their pre-retirement income to maintain their current standard of living in retirement.1 Time in retirement may also be long--perhaps one lasting over 30 years.

 

Is there enough saved? Unlike Social Security or traditional pension plan, the employer's retirement savings plan may not provide enough income. So, outliving your retirement income can be a concern.

 

Find out what's enough to potentially provide a lifetime income – and what individuals can do to help save towards this important goal:

 

Calculate It: Project the amount of income you'll need when you retire.

 

 

1 Source: Understanding The Benefits – Social Security, Social Security Administration, 2017.