Income Strategy Calculator | Retirement Income Planning — Markus Williams Jr.
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Strategy Center

Retirement Income
Strategy Calculator

Model how your portfolio, Social Security, and pension work together to fund retirement. See exactly how long your money lasts, what your guaranteed income floor looks like, and what levers you can pull if you're running short.

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Profile Returns Income Spending Results
01 Your Profile
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$
$
$
Pre-Medicare bridge: ~$12–25K/yr · Medicare + supplement: ~$5–10K/yr
$
Years of part-time income after retirement
02 Return Assumptions
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7.0%
2.5%
Sequence of returns risk. This model uses a flat average return. In reality, poor returns in the first 5–10 years of retirement can permanently damage a portfolio even if long-run averages are fine. Your results here represent an optimistic scenario — actual outcomes depend heavily on the order of returns.
03 Income Sources
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Social Security
$
Get your SS estimate at ssa.gov →
Pension (if applicable)
$
Survivor benefit election is typically irreversible at retirement
04 Spending & Withdrawals
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$
Enter total spending goal — SS and pension are automatically subtracted to find portfolio draw
Real = grows with inflation each year · Nominal = fixed dollar amount
4.0%
4% rule is a starting guideline — discuss with an advisor
Spending guardrails improve portfolio survival in down markets
Income Strategy Results Hypothetical illustration · Not advice · Not a guarantee
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Portfolio at Retirement
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Annual Portfolio Draw
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Guaranteed Income Floor
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Portfolio Balance at Plan Age
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Annual Income Breakdown at Retirement
Portfolio Balance Over Time
Shaded area shows the range of income phases — pre-SS/pension bridge, full retirement, RMD years
Year-by-Year Income Projection
Age SS Income Pension Part-Time Portfolio Draw Portfolio Balance

This calculator provides a hypothetical illustration for informational and educational purposes only. It assumes constant rates of return and inflation with no market volatility and does not model sequence-of-returns risk, taxes, fees, RMDs, benefit eligibility, healthcare costs, or future changes in tax law and benefit programs.

Social Security and pension figures are user-entered estimates. This tool does not verify eligibility or calculate benefit amounts. Workers with certain pension arrangements may have SS benefits affected by WEP/GPO. Confirm your estimate at ssa.gov.

Pension COLA and survivorship assumptions are simplified. Actual pension terms vary. The "spending flexibility" guardrail is a simplified model — actual guardrail strategies (such as Guyton-Klinger) are more complex.

RMD figures are approximate based on IRS Uniform Lifetime Table. Actual RMDs depend on account type, beneficiary elections, and current IRS rules.

Advisory services and securities offered through Lincoln Investment, Registered Investment Adviser, Broker-Dealer, Member FINRA / SIPC. lincolninvestment.com