Model begins when "YOU" retire or at your current age if already retired. Social Security uses the inflation rate as its Cost of Living Adjustment (COLA). All withdrawals are taken from Taxable funds until those funds are exhausted or age 70 1/2 is reached. Tax-Sheltered withdrawals are required by age 70 1/2. However, some Tax-Sheltered funds may be needed earlier. All Tax-Sheltered withdrawals and the investment returns are subjected to the tax rate you input. This is not accurate as it pertains to Roth IRA's or to capital gains unless you are able to adjust the tax rate somewhat to compensate. The spouses are assumed to be within 10 years of age as it pertains to mandatory minimum withdrawal rates for Tax-Sheltered funds. When entering data as "YOU", please use YOUR age, retirement information, etc. Buyout refers to selling your business. Miscellaneous income can be income-producing real estate, part-time work or whatever.

The three "Other Income" column headings Pension "YOU", Buyout "YOU" and Misc. "YOU" utilize the current age of "YOU". Thus, the mathematics of these three columns are identical and can be used interchangeably for any income source involving "YOU". "Pension Spouse" uses the current age of the spouse.

P/T = Pre-Tax, w/d = Withdrawal, d/p = Deposit, COLA = Cost of Living Adjustment (%/year).