HOW IT WORKS
Retirement insurance that guarantees you an income
Let’s see how much retirement income you can potentially create:
Use this simple calculator to estimate how much income you'll potentially receive.
Your retirement income strategy should address these income risks:
A longer life expectancy:
With health care advancements and healthier lifestyles, we’re now living longer than past generations. In 2016, men turning 65 can expect to live to age 84.1; for women it’s even longer – 86.6.1 That means retirements could potentially last 25 or 30 years, or even longer – and that means you need to plan for more years of retirement income.
1 Cohort Life Expectancy Table, "The 2017 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Fund," 2017.
During your working years, inflation has less of an impact on your income, since you're periodically getting cost-of-living increases in your salary. But if you're living on a fixed income during your retirement, inflation means you won't be keeping pace with rising prices. (While no one can know the inflation rate in the future, historically, it has averaged 3.1% over the last 100 years.2
Market volatility:During the years when you're working and saving for retirement, market volatility is less of an issue, because you have more time to recoup any losses before you start withdrawing your assets for income. But if the market is down when you begin withdrawing assets, then you've locked in your losses -- and these can cause your assets to be depleted years sooner (even if the market later goes up again).
Uncertainty regarding taxes and Social Security:There's no way to accurately predict your future local, state, and federal tax burden; given the well-publicized challenges to the long-term solvency of Social Security, you can't be sure of future benefit levels, either.
71% of Americans would prefer a financial product with a lower return and guaranteed not to lose value over one that had a higher return but was vulnerable to market downturns.3
3The Allianz Generations Ahead Study 2017