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RETIREMENT ANALYSIS
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James plans to retire on January 1, 2025 at age 60, while Joanne plans to
retire on January 1, 2016 at age 50. You want to ensure an adequate annual
income to fund your retirement needs which you have estimated to be $45,000
(today's dollars). You also indicated that you wish to see your retirement needs
indexed at a rate of 3.0%.
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NEEDS vs ABILITIES, Current Situation |
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The graph above shows your desired goals and your ability to meet these goals over time with your existing investment plan without any additional investments. Years in which your goals cannot be fully funded indicate that you require additional capital to cover these shortfalls. The required capital can be accumulated using a regular investment plan.
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CAPITAL ACCUMULATION & REDEMPTION
Recommended Plan |
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The graph above illustrates the accumulation and subsequent depletion of your capital incorporating your projected goal, return rates, investment strategies and inflation.
Retirement Funding Assets
The following is a summary of the assets you have linked to your Retirement
goals. An asset will not have a Start of Year Value if it was purchased
on or after January 1st of the current year. The Current Value of an
asset reflects the current estimated market value (taking into consideration
reinvested returns since the start of the year and any additional contributions
to the assets based on the savings plans described below).
| Asset
Description |
Start
of Year Value |
Current Value |
Assumed Rate |
| Our Retirement Fund (Joint/Non-Reg.) |
$1,500 |
$1,600 |
8.0% |
| Retirement Fund (Joint/Non-Reg.) |
$0 |
$13,796 |
8.0% |
| Mutual Fund (Joanne/RRSP) |
$15,291 |
$19,418 |
8.0% |
| Mutual Funds (James/RRSP) |
$25,636 |
$30,971 |
8.0% |
Retirement Funding Investment Strategies
The following is a summary of the investment strategies designed to help you
meet your Retirement objectives. The table may include strategies you are
currently employing and additional strategies that are recommended in bold
italics.
| Asset
Description |
Planned Savings |
Are
Savings Indexed? |
Applicable Period |
| Retirement Fund (Joint/Non-Reg.) |
$1,332/month |
No |
Jan 1 1999 to Dec 31 2015 |
| Mutual Fund (Joanne/RRSP) |
$300/month |
No |
Jan 1 1998 to Dec 31 2015 |
| Mutual Funds (James/RRSP) |
$350/month |
No |
Jan 1 1998 to Dec 31 2024 |
We have taken into consideration your other sources of income (CPP, OAS,
company pensions, etc.) and existing assets you have linked to your retirement
goal and existing investment plans associated with these assets.
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