OwnYourPension

Is your retirement fully funded?

A pension fund measures itself one way: are the assets enough to cover what it has promised to pay? You can ask the same question. Your “floor” is the essential spending that can’t stop when the market drops. This tool subtracts the guaranteed income you already have from that floor, and estimates the lump sum it might take to close what’s left with income you can’t outlive. An estimate to learn from — not a quote.

“OwnYourPension” is an educational brand name — not a pension provider. Annuities are insurance products, not employer or government pensions, and are not insured by the PBGC, the FDIC, or any government agency. Guarantees depend solely on the claims-paying ability of the issuing insurance company.
Where the money for a floor usually comes from

Most people assume buying guaranteed income means giving up their stocks. It usually doesn’t. Retirement researchers who have studied this — Wade Pfau’s work is the best known — generally find that the money for an income floor comes most naturally from the bond side of a portfolio, not the growth side. The bonds and the annuity are doing the same job, which is paying reliable income, and only one of them is designed to keep paying for as long as you live. The growth side stays invested for inflation and for whatever you want to leave behind. General education, not a recommendation; whether any of this fits you depends on your own situation.

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Your floor & income

Your income floor gap

Monthly gap to cover
$0 / mo
$0
Gap per year
$0
Est. lump sum to cover it
0%
Floor already covered
Enter your numbers to see your gap.

Want this run on your real numbers?

This is an educational estimate. For an honest read on how to cover your floor — and whether you even need a product to do it — send your details and an OwnYourPension specialist will follow up. If you’re already covered, we’ll tell you that.

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Important. This estimator is for educational purposes only and is not a quote, an offer, or a recommendation to buy any product. The “lump sum to cover the gap” is a rough approximation based on general current-market income rates for a single-premium immediate annuity and will differ from any actual annuity offer, which depends on the issuing insurance company, the specific product, prevailing interest rates at purchase, your state of residence, your age and health, and the options you select. Guarantees are backed solely by the claims-paying ability of the issuing insurance company — they are not guaranteed by OwnYourPension, by any insurance agency, or by any government agency. You do not have to use an annuity to cover an income floor, and for some people the right answer is to cover it another way or to do nothing. OwnYourPension is an educational resource and is not an insurance company; annuities are offered through licensed insurance agencies we work with, who are compensated by commission. OwnYourPension is affiliated with T&T Capital Management LLC, a registered investment adviser and fiduciary that charges a fee for advisory services; which entity serves you, and how it is compensated, is disclosed before you purchase.