It does not take into account after-tax investments, which may be potential sources of retirement income. Your Course does not attempt to predict future returns, but rather uses historical long-term rates of return from the most appropriate index. The historical data on average returns is based on the longest time period available. The source for the average returns for Small Company Stocks, Large Company Stocks, Intermediate Government Bonds and Treasury Bills is from Ibbotson and Associates. Individuals cannot invest directly in any index.
Past performances is no indication of future results.
Your Course are assumed to occur at the beginning of the year or beginning of the month. For example, if you retire at the age of 65, it is assumed that you receive your Social Security benefit on January 1st of the year in which you turn 65. Your Course are calculated before taxes are deducted. Your retirement income need is based on your annual certified compensation. Distributions will be subject to taxation upon withdrawal at then-current rates.