IUPAT - Retirement Planner

  • Planner Introduction About the Retirement Planner
  • Personal Information Your demographic Information
  • Retirement Savings Tell us about your Finances and Retirement Savings
  • Your Pension Income Tell us about your IUPAT Pension
Planner Introduction
Step 1 - 4

Are you financially prepared for retirement?

Thinking about retirement can be overwhelming. You may be asking yourself...

  • Am I saving enough?
  • When can I afford to stop working?
  • How long will my retirement money last?

Use the IUPAT Retirement Planner to help plan your financial future so you can retire when, and how you want. We'll look at the many factors involved including your IUPAT Pension so your can discover your options.

NOTICE: This planner attempts to estimate your retirement based on information you provide but may not be accurate under all scenarios; please consult with a professional financial advisor before taking any course of action.

All information provided is protected and treated as confidential and will not be shared.

Personal Information
Step 2 - 4
Explanation:

Provide your full name (i.e. Patrick Painter)

Explanation:

We use Alternate ID to identify you instead of your Social Security Number. You can find your Alternate ID on your last Pension Statement.

Explanation:

We use your email address if we need to contact you.
e.g. myname@somehost.com

We keep this confidential and don't share.
Explanation:

We use your Date of Birth in many of the calculations regarding your retirement. Please enter in MM/DD/YYYY format (e.g. 04/12/1972)

Explanation:

The date you wish to retire has an impact on your retirement plans and is utilized in various calculations. Please enter in MM/DD/YYYY format (e.g. 01/01/2030)

Retirement Savings
Step 3 - 4
$
Explanation:

Your gross salary is used to calculate your projected contributions towards your retirement. Enter a whole dollar amount without $ or commas (e.g. 47000)

%
Explanation:

This is the percent of your annual salary you contribute towards your retirement. Enter without % sign (e.g. 10 = 10% of your annual salary).

%
Explanation:

Estimate the annual increase to your salary as a percentage between 1 and 100 (Average is 3%).

%
Explanation:

Estimate the annual rate of Inflation as a percentage between 1 and 100 (Average is 2.9%).

$
Explanation:

Total other retirement account balances (e.g. 401Ks, IRAs, Investments, etc. Total and enter as a whole dollar amount without $ or commas (e.g. 13000).

%
Explanation:

Rate of Return on your retirement savings before your date of retirement. Percentage between 1 and 100 (e.g. 7 = 7%).

%
Explanation:

Rate of Return on your retirement savings after your date of retirement. Percentage between 1 and 100 (e.g. 7 = 7%).

$
Explanation:

To include your estimated Social Security benefit, use the SSA Quick Calculator, note the total monthly benefit and enter it here as a whole dollar amount without $ or commas (e.g. 1325).

Explanation:

Enter the date you will begin receiving Social Security Benefits; these monthly payments will be added to your overall retirement income effective that date. Enter date in MM/DD/YYYY format (e.g. 11/01/2037).

%
Explanation:

Percentage of your Gross Income desired during your retirement (e.g. 60% of $80,000 = $48,000).

Explanation:

Years you will need a retirement income. (e.g. Life expectancy - Age at Retirement)

Pension Information
Step 4 - 4

Finally, We need a few items about your IUPAT Pension; these can be found on your last IUPAT Pension Statement.   If you need to request a copy of your Pension Statement click [here]

Explanation:

Enter the average number of hours/year you plan to work until retirement.

$
Explanation:

From you Pension Statement, what is the amount you are estimated to accrue to your Pension each year you work?

$
Explanation:

From your Pension Statement, what is your projected ending benefit for the last year?

Explanation:

From your Pension Statement, what is your current work hours for retirement?