Determining Income Replacement Rates

A computer-implemented method, including executing a plurality of simulations on a retirement account in a retirement plan to produce a plurality of potential retirement account balances at a retirement age and associated confidence levels specifying a predicted level of accuracy of corresponding ac...

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Bibliographische Detailangaben
Hauptverfasser:	LEGARE JONATHAN CHARLES, SHAW ANDREW PHILIP, SHARMA ADITI, THOMPSON JEANNE MARIE, COLANTINO JOHN DONALD
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	A computer-implemented method, including executing a plurality of simulations on a retirement account in a retirement plan to produce a plurality of potential retirement account balances at a retirement age and associated confidence levels specifying a predicted level of accuracy of corresponding account balances; selecting, from the range, a particular potential account balance that has a confidence level that exceeds a confidence level threshold; and calculating, by one or more processing devices, a constant periodic withdrawal amount of funds from the retirement account.