Monthly Retirement Income Worksheet
A one-page snapshot of where every dollar of monthly income comes from.
A one-page snapshot of where every dollar of monthly income comes from.
Guaranteed income
Social Security (you) $______ · Social Security (spouse) $______ · Pension $______ · Annuity $______ · Rental income $______ · Total guaranteed: $______
Portfolio income
IRA/401(k) withdrawal $______ · Roth withdrawal $______ · Brokerage withdrawal $______ · Interest & dividends $______ · Total portfolio: $______
Monthly expenses
Housing $______ · Food $______ · Healthcare/Medicare $______ · Insurance $______ · Transportation $______ · Discretionary/travel $______ · Total: $______
The gap
Total income − Total expenses = $______. If positive, you have a surplus (save or reinvest). If negative, you have a gap — this is the number your plan must solve.
The stress test
Cross out portfolio income. Can guaranteed income alone cover essentials? If no, you're depending on markets to eat.
The month you write this down is the month you actually have a retirement income plan.
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