by Melinda Green

Wondering how much money
you'll need to retire? How about
how long you can live on what you have now? So many questions! There
are
four main variables that affect your
retirement income from your investments:

**Basic Assumptions**

- Wealth: Net worth at time of retirement. Not added to after retirement.
- Interest: Per year (not including compounding), after inflation, paid continuously.
- Expenses: The fixed amount you draw out each month, paid continuously.
- Death In: Number of years you expect to live after retirement.

**Instructions**

The selected row is the variable the applet is solving for. By default the "Expenses" variable is selected. This means that you can see how much you can draw each month depending on the values you enter for the other three. For example, if you expect to live at most 25 years after retirement and expect to earn 5%, you can set those values and then adjust the "Wealth" slider to see how much money you will be able to live on each month depending on your net wealth at retirement. You can also see the effects of different interest rates and retirement time on your expenses. Conversely, you can select to solve for "Wealth" in order to see how much you'll need in order to retire with a particular desired monthly disbursement.

You can even solve for "Interest" to see what sort of interest rate you'll require, and you can solve for "Death In" to see how many years you can live given the other parameters. Play with the applet for a while and you should get the idea of how to answer many other interesting "what if" scenarios.

**Bugs**

There is no particular error checking of inputs though it should be obvious when a variable goes out of scope when a slider jumps to a new location and doesn't move.

**Disclaimer**

Of course no warrantees are made as to the utility or accuracy of this tool. It's really just a tool for getting a rough idea of possible retirement scenarios, and is not a replacement for expert advice from retirement professionals.

**Source Code**