Phased Retirement Calculator
Plan your gradual transition from full-time work to retirement. Calculate income streams, savings needs, and lifestyle adjustments for a smooth retirement journey.
Step 1: Current Situation
Phased Retirement Strategy
Phased retirement allows you to gradually reduce work hours while starting to draw retirement benefits. This helps adjust to lifestyle changes and manage income streams.
Step 2: Retirement Plan
Retirement Income Goal
Experts recommend aiming for 70-80% of pre-retirement income to maintain your standard of living. Phased retirement helps bridge the gap between work income and full retirement.
Phased Retirement Plan
Projected Retirement Savings
Phased Retirement Timeline
| Year | Age | Work Reduction | Monthly Income | Savings Balance | Income Sources |
|---|
Income Stream Analysis
Phased Retirement Formula
Income = (Work Income × Reduction %) + (Savings Drawdown) + Benefits
Phased retirement combines reduced work income with gradual savings withdrawal and pension/Social Security benefits for a smooth transition to full retirement.
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