Are there good retirement calculators for planning with a $60k pension?

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    USER

      Any good Retirement calculators out there for those of us with pensions?
      I would like to make 125k

      Per year in retirement without taking any withdrawals other then dividends and capital gains. This assumes a paid off house.

      Pension is 60k a year and adjusted for inflation each year.
      My initial Thoughts are 1 million in stocks / bonds, plus 60k Pension should be a pretty safe bet.

      But wondering if I could get away with close to 750k and have a little more play money now while raising kids.

      #110278 Reply
      Joe

        125-60=a 65k shortfall that your portfolio must provide. Using the 4% rule you need a portfolio balance of 1.625 million.

        #110279 Reply
        Carolyn

          ProjectionLab is a pretty sweet tool, not really a calculator though. But is able to factor in expenses, income, etc

          #110280 Reply
          Robin

            I don’t know your age but will you also have social security at some point?

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