Retirement Spending Calculator Demo

Created by Goldenson Center

Department of Mathematics, University of Connecticut

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Initial Input

Current Health Status
Select "Estimated" to use model pre-defined mean and volatility
%
%
Total fund available for purchasing SPIA and Investment
Guaranteed monthly income from various sources. e.g. Social Security, pension annuity, etc

Initial Recommendation

Life Expectancy: Years
SPIA monthly benefit Other guaranteed monthly income Monthly withdrawal from spendable investable funds Total monthly spending
Recommeded 0 0 0 0
Actual 0 0 0 0

Recalibration Input

Assume on a future date, you would like to re-calculate your monthly spending level based on updated information.

Please select at least 1 day later than last calculation date
Health status on the date of recalibration.
Investment Account Balance on the date of recalibration.
Select "Estimated" to use model pre-defined mean and volatility
%
%
preCalcDate extSpiaBene preFund actWd actSpia ttlDays recalAge gender otherIncome preHealth preMiu preSig maxSpiaCost maxSpiaAge

Recalibration Output

Life Expectancy: Years
Initial Spending at 04/29/2025 Recalibrated spending at 08-01-2020
Recommended Actual Recommended
SPIA monthly benefit - - -
Other guaranteed monthly income - - -
monthly withdrawal from spendable, investable funds - - -
Total monthly spending - - -
Update Actual
How much do you withdraw for spending?
Do you have other income?e.g. Social Security, Pension