Free Resources / U.S. retirement
What does your retirement income need to cover?
Put your monthly spending and expected income side by side. Use the difference to prepare for a conversation with a specialist.
Build your worksheet ↓Your monthly figures
Replace the example with your household amounts. Use consistent before-tax or after-tax figures.
Housing, food, utilities, healthcare and other regular necessities.
Travel, hobbies and other planned spending. Spread annual costs over 12 months.
Use the payment expected for the household and survivor option you are considering.
Include only income you expect to use for these expenses. Avoid counting withdrawals and the income they produce twice.
Your income and spending
- Total monthly spending
- $5,500
- Total monthly income
- $3,500
- Monthly income gap
- $2,000
- Gap for essential expenses alone
- $500
This is an income comparison. A specialist can help you consider how to address any gap.
Find your retirement specialist ↗What this worksheet tells you
Monthly snapshot in U.S. dollars. Use all before-tax or all after-tax figures. No taxes, inflation, investment returns, benefit changes or future healthcare costs are calculated. Income may change after a spouse dies. A gap is a planning question, not an annuity recommendation or a quote. A surplus does not establish that savings will last for life.
Bring these questions
- What happens to our income if either spouse dies?
- What savings do we need to keep accessible?
- How would inflation affect the spending we entered?
Talk through your figures.
If you qualify, PWG confirms your details and looks for a suitable licensed specialist in your state.
Find your specialist ↗Keep a copy for your conversation.
The report includes your inputs, results and assumptions. No contact details required.
Your retirement worksheet
PRESERVE WEALTH GROUP — RETIREMENT INCOME WORKSHEET USD · Monthly figures Essential monthly spending: $4,000 Other monthly spending: $1,500 Monthly Social Security: $2,500 Monthly pension income: $1,000 Other monthly income: $0 Total spending: $5,500 Total income: $3,500 Monthly income gap: $2,000 Monthly surplus: $0 Essential-expense gap: $500 Monthly snapshot in U.S. dollars. Use all before-tax or all after-tax figures. No taxes, inflation, investment returns, benefit changes or future healthcare costs are calculated. Income may change after a spouse dies. A gap is a planning question, not an annuity recommendation or a quote. A surplus does not establish that savings will last for life. QUESTIONS FOR YOUR SPECIALIST How would income change if either spouse died? How much savings should remain accessible? Which payment options account for my timeline and costs? https://preservewealthgroup.com/apply