| Scenario 1 | Scenario 2 | ||
| Starting investment balance |
250,000
|
250,000
|
|
| Rate of return (maximum value 16%) |
6.00%
|
8.00%
Input Error: Rate of return
Enter a value between and %. |
|
| Annual income |
20,000
|
20,000
|
|
| Inflation rate (maximum value 5%) |
2.00%
|
2.00%
|
Inflation rate
The annual income amount is indexed to this inflation rate.
Input Error: Inflation rate
Enter a value between and %.
Inflation rate
This inflation rate is used to index the annual fixed payment. |
| How long will my money last? |
How long will the money last?
Withdrawals are calculated for a maximum period of 50 years. |
How long will my money last?
|
Scenario 1
|
17.0 years |
Scenario 2
|
21.0 years |
Assumptions
Annual income is withdrawn as a lump sum at the start of each year. Investment growth is tax-deferred.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes and are not intended to illustrate the performance of any specific investment funds or portfolios. You should not rely on the results as an indication of your funds' performances and your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice. The information herein shall not be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. Segregated Fund contracts are issued by The Empire Life Insurance Company ("Empire Life"). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. Please read the information folder, contract and fund facts before investing. ® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company. ©Copyright 2024 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com
Annual income is withdrawn as a lump sum at the start of each year. Investment growth is tax-deferred.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes and are not intended to illustrate the performance of any specific investment funds or portfolios. You should not rely on the results as an indication of your funds' performances and your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice. The information herein shall not be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. Segregated Fund contracts are issued by The Empire Life Insurance Company ("Empire Life"). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. Please read the information folder, contract and fund facts before investing. ® Registered trademark of The Empire Life Insurance Company. Policies are issued by The Empire Life Insurance Company. ©Copyright 2024 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com
