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Introducing Our Enhanced Life Expectancy Calculator
Retirement is the time to savour the rewards of your hard work, but it’s essential to strike a balance between enjoying life and managing your finances wisely. So, before you indulge in your dream retirement, make sure you have a plan in place!
Without a proper plan, you might risk overspending in the early years of retirement and find yourself struggling to make ends meet down the road. That’s why we’ve taken significant steps to improve our life expectancy calculator, helping you make informed decisions and ensuring your money lasts as long as you do.
Understanding the Lifespan Equation:
Retirement planning involves projecting your assets and cash flows year by year for the rest of your life. A crucial factor in this equation is determining how long your money needs to sustain you. Put simply, it’s about estimating your own potential life expectancy and that of your spouse.
Underestimating your lifespan could lead to running out of funds, while overestimating it might result in unnecessary frugality, depriving yourself of the lifestyle you’ve worked so hard to achieve.
Introducing Our Personalised Lifespan Calculator:
We’re thrilled to announce the enhancement of our personalised lifespan calculator, available to all our subscribers. This user-friendly tool tailors the results to your specific circumstances by asking a few simple questions about you and your spouse. Furthermore, you can input your desired level of confidence in your planning horizon, giving you peace of mind.
Built by leading actuaries1 and utilising global data from one of the world’s largest reinsurers of annuities2, our calculator factors in a range of factors to provide accurate and reliable results. Examples are the fact that females tend to live longer than males and that healthy, active retirees often enjoy extended lifespans. However, it also recognises the element of luck and randomness inherent in individual lifespans and helps you allow for this too.
Exciting Enhancements and Features:
We’re excited to share that our life expectancy calculator has just undergone a significant update based on feedback from nearly 10,000 users and the latest life expectancy data and trends. Here are some of the enhancements we’ve made:
- Enhanced Results for Couples: Couples now receive even more valuable insights, considering the need for a retirement plan that covers the lifespan of either person. Couples have two chances of living to an advanced age.
- Streamlined User Journey: We’ve simplified the user experience, making it easier for you to compare results based on just Australian averages or your personalised inputs. It’s all about providing you with clear and actionable information.
- Refined Sensitivity: The results take into account health and lifestyle factors, making them more accurate and reflective of your unique circumstances.
Your Security and Privacy Matter:
We understand the importance of data security and your privacy. Rest assured that all the data you input is secure, and no personally identifying information is collected or stored. Our focus is solely on helping you plan for a fulfilling retirement, without compromising your confidentiality.
Take a look now:
We can’t wait for you to try out our enhanced lifespan calculator and gain more confidence in your retirement planning. Join the thousands who have already benefited from this invaluable tool. It’s there to help you take charge of your financial future and ensure you’re living the dream, even on a budget.
- An Actuary is a professional with advanced statistical skills in maths, statistics and economics. Actuaries deal with the measurement and management of risk and uncertainty.
- An annuity (or lifetime pension) pays the customer a defined, regular income for the rest of their life – however long that might be.
This is a model, not a prediction. The tool does not take into account all your circumstances and has certain limitations which may impact the results. No calculator can predict your lifespan with certainty as this will depend on your personal circumstances as well as things outside your control such as disease, accidents and luck.
Do not rely solely on this calculator to make decisions about your retirement. It does not take into account your financial situation or your broader circumstances. Click here for the full disclaimer.
It is important you speak to an accredited SMSF Specialist to seek independent advice tailored to your personal needs, objectives and financial circumstances. To speak with an accredited SMSF Specialist in your areas, click here to Find a Specialist .