The income you need

Based on everything you've input so far, let's see how you're doing financially, and how your income needs to change to in order to realize your dream life!

1. Assumptions about your return rates...

Click the toggles below to find lots of useful information. Please read them!
1. What is your investment account return rate
(standard return)
?
00
7
2. What is your retirement account return rate
(standard return)
?
00
6
3. What is your bank account return rate?
00
0
4. What inflation rate do you want to assume?
00
2

2. Let’s find the income needed to achieve your goals!

You need to adjust the sliders below until you get the
✅.
This ensures that you don’t ever run out of money, neither before nor after your retire.

Each slider is the
per year income increase
for each year in the period between start and end. Keep an eye on the chart, which will automatically update when you move the toggles: the ✅ turns into a ❌ if you run out of money. See the key assumptions below for how this actually can happen.
Key Assumptions
Example

Note 1
: Salary increases earlier in life have much more impact than salary increases later in life due to the effect of compounding returns (the money you invest earlier in life has more time to grow).

Note 2
: On the other hand, it doesn’t make sense to put the first toggle all the way to 5% because that is probably unrealistic and so doesn’t give you any meaningful info (unless you have concrete plan for how you will accomplish this for 10 years straight). I recommend starting with the earliest toggle, adjusting it to something that seems reasonable, then moving on to the next age bracket and so on. There is an alternative way to adjust your income manually if that seems more natural - see "
Alternative”
below.

Note 3
:
To make the numbers easier for you to wrap your head around, these are the real income increases (including inflation). What that means concretely:
that 5% bonus you just got gets put in here as a 5% increase, even though
2%
was actually just from inflation (this
2%
is subtracted automatically in the calculations).
Age Start
Age End
% Income Increase Per Year
1
38
48
000
1.1
2
48
58
000
1.7
3
58
59
000
1.4
No results from filter
Alternative
: the ability to add incomes or expenses manually to model temporary events like a new job with higher pay, sabbaticals or multi-year breaks with no income, or one time expenses like buying a car, another house, etc. Note that the toggles above will be still applied to the initial income.

✅ Congrats, you won't run out of 💰!

Created with Highcharts 9.3.1AgeTotal WealthInvestment AcctsRetirement Accts40506070809010002.5M5M7.5M10M12.5M
For reference only: Graph of expenses and income with time
For reference only: Full spreadsheet with calculations (
look here if you want to check out the guts)