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RETIREMENT

PLANNER
The Retirement Planner helps you to determine just how much you'll need to maintain your desired retirement lifestyle and
whether you are on track to achieve it.

Your Current Situation

ABOUT YOU

Employer-Sponsored Plan

YOU

Workplace Retirement Plan Account Balance

$200

Monthly Plan Contributions


Employer Annual Discretionary Contributions

Your Current Age


18

5%
$1,125

Your Retirement

Your Planned Retirement Age


62
Your Current Gross
Annual Salary

Retirement Income Goal


Monthly Gross Retirement Income Goal

kennan cole

$22,500
90%

Additional Sources of Income


Social Security Benefit Start Age

62

KEY ASSUMPTIONS
Salary Growth Rate
2%
Inflation Rate
3%
Life Expectancy
85
Pre-Retirement
Investment Style
Moderate
6% Rate of Return
Post-Retirement
Investment Style
Moderately Conservative
4% Rate of Return

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RETIREMENT PLANNER

Your Current Progress


Based on the information you entered, you may be on track to meeting your retirement income goal.
This chart shows your gross monthly retirement income goal and your projected monthly spending ability over the course of your
retirement.
$460
EXTRA

Goal
$1,687

$2,147
PROJECTED

These hypothetical results are based on your inputs and assumptions. These results are not guaranteed nor do they reflect the actual
performance of any investment. See the Methodologies and Assumptions "About the Charts" section for additional important
information.

Tips to Stay on Track


Review Your Investment Approach
Now is a good time to learn about different investment approaches - especially how to consolidate your savings and turn it into
retirement income.
Create an Emergency Fund
Financial experts recommend keeping 3 to 6 months worth of living expenses on hand for emergencies.
Balance at Retirement $578,181

Calculated Assets
$760,100

RETIREMENT BALANCE

$691,000
$621,900
$552,800
$483,700
$414,600
$345,500
$276,400
$207,300
$138,200
$69,100
$0

19

24

29

34

39

44

49

54

59

64

69

74

79

84

AGE

These hypothetical results are based on your inputs and assumptions. These results are not guaranteed nor do they reflect the actual
performance of any investment. See the Methodologies and Assumptions "About the Charts" section for additional important
information.

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RETIREMENT PLANNER

Retirement Income Sources


$132,000
$120,000
$108,000

INCOME

$96,000
$84,000
$72,000
$60,000
$48,000
$36,000
$24,000
$12,000
$0

62

67

72

77

82

AGE

SHORTFALL

WITHDRAWALS

INVESTMENTS

SOCIAL SECURITY

PENSION & OTHER INCOME

These hypothetical results are based on your inputs and assumptions. These results are not guaranteed nor do they reflect the actual
performance of any investment. See the Methodologies and Assumptions "About the Charts" section for additional important
information.

Retirement Income Sources Table


Age

Beginning
Balance

Retirement
Contributions

Retirement
Income
Goal

Investment
Income

Social
Security

Pension &
Other
Income

19

$200

$2,250

$0

$86

$0

$0

$0

$0

$2,536

20

$2,536

$2,295

$0

$228

$0

$0

$0

$0

$5,059

21

$5,059

$2,340

$0

$381

$0

$0

$0

$0

$7,781

22

$7,781

$2,387

$0

$545

$0

$0

$0

$0

$10,715

23

$10,715

$2,435

$0

$723

$0

$0

$0

$0

$13,874

24

$13,874

$2,484

$0

$914

$0

$0

$0

$0

$17,273

25

$17,273

$2,533

$0

$1,120

$0

$0

$0

$0

$20,927

26

$20,927

$2,584

$0

$1,341

$0

$0

$0

$0

$24,853

27

$24,853

$2,636

$0

$1,578

$0

$0

$0

$0

$29,067

28

$29,067

$2,688

$0

$1,833

$0

$0

$0

$0

$33,589

29

$33,589

$2,742

$0

$2,106

$0

$0

$0

$0

$38,438

30

$38,438

$2,797

$0

$2,398

$0

$0

$0

$0

$43,635

31

$43,635

$2,853

$0

$2,712

$0

$0

$0

$0

$49,201

32

$49,201

$2,910

$0

$3,048

$0

$0

$0

$0

$55,160

33

$55,160

$2,968

$0

$3,407

$0

$0

$0

$0

$61,537

34

$61,537

$3,028

$0

$3,792

$0

$0

$0

$0

$68,357

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Shortfall Withdrawal

Ending
Balance

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RETIREMENT PLANNER
35

$68,357

$3,088

$0

$4,203

$0

$0

$0

$0

$75,650

36

$75,650

$3,150

$0

$4,643

$0

$0

$0

$0

$83,444

37

$83,444

$3,213

$0

$5,113

$0

$0

$0

$0

$91,770

38

$91,770

$3,277

$0

$5,614

$0

$0

$0

$0

$100,663

39

$100,663

$3,343

$0

$6,150

$0

$0

$0

$0

$110,157

40

$110,157

$3,410

$0

$6,722

$0

$0

$0

$0

$120,289

41

$120,289

$3,478

$0

$7,332

$0

$0

$0

$0

$131,100

42

$131,100

$3,548

$0

$7,983

$0

$0

$0

$0

$142,632

43

$142,632

$3,618

$0

$8,677

$0

$0

$0

$0

$154,928

44

$154,928

$3,691

$0

$9,417

$0

$0

$0

$0

$168,038

45

$168,038

$3,765

$0

$10,206

$0

$0

$0

$0

$182,010

46

$182,010

$3,840

$0

$11,047

$0

$0

$0

$0

$196,898

47

$196,898

$3,917

$0

$11,943

$0

$0

$0

$0

$212,759

48

$212,759

$3,995

$0

$12,897

$0

$0

$0

$0

$229,652

49

$229,652

$4,075

$0

$13,914

$0

$0

$0

$0

$247,642

50

$247,642

$4,157

$0

$14,996

$0

$0

$0

$0

$266,795

51

$266,795

$4,240

$0

$16,148

$0

$0

$0

$0

$287,184

52

$287,184

$4,325

$0

$17,374

$0

$0

$0

$0

$308,883

53

$308,883

$4,411

$0

$18,679

$0

$0

$0

$0

$331,973

54

$331,973

$4,499

$0

$20,067

$0

$0

$0

$0

$356,541

55

$356,541

$4,589

$0

$21,544

$0

$0

$0

$0

$382,675

56

$382,675

$4,681

$0

$23,115

$0

$0

$0

$0

$410,472

57

$410,472

$4,775

$0

$24,786

$0

$0

$0

$0

$440,033

58

$440,033

$4,870

$0

$26,563

$0

$0

$0

$0

$471,467

59

$471,467

$4,968

$0

$28,452

$0

$0

$0

$0

$504,888

60

$504,888

$5,067

$0

$30,461

$0

$0

$0

$0

$540,416

61

$540,416

$5,168

$0

$32,596

$0

$0

$0

$0

$578,181

62

$578,181

$0

$47,449

$23,127

$32,465

$0

$0

$14,983

$586,325

63

$586,325

$0

$48,873

$23,453

$33,439

$0

$0

$15,433

$594,344

64

$594,344

$0

$50,339

$23,773

$34,442

$0

$0

$15,896

$602,221

65

$602,221

$0

$51,849

$24,088

$35,476

$0

$0

$16,373

$609,937

66

$609,937

$0

$53,404

$24,397

$36,540

$0

$0

$16,864

$617,470

67

$617,470

$0

$55,007

$24,698

$37,636

$0

$0

$17,370

$624,798

68

$624,798

$0

$56,657

$24,991

$38,765

$0

$0

$17,891

$631,898

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69

$631,898

$0

$58,357

$25,275

$39,928

$0

$0

$18,428

$638,746

70

$638,746

$0

$60,107

$25,549

$41,126

$0

$0

$18,981

$645,314

71

$645,314

$0

$61,910

$25,812

$42,360

$0

$0

$19,550

$651,576

72

$651,576

$0

$63,768

$26,063

$43,631

$0

$0

$20,137

$657,502

73

$657,502

$0

$65,681

$26,300

$44,940

$0

$0

$20,741

$663,061

74

$663,061

$0

$67,651

$26,522

$46,288

$0

$0

$21,363

$668,220

75

$668,220

$0

$69,681

$26,728

$47,676

$0

$0

$22,004

$672,944

76

$672,944

$0

$71,771

$26,917

$49,107

$0

$0

$22,664

$677,198

77

$677,198

$0

$73,924

$27,087

$50,580

$0

$0

$23,344

$680,941

78

$680,941

$0

$76,142

$27,237

$52,097

$0

$0

$24,044

$684,134

79

$684,134

$0

$78,426

$27,365

$53,660

$0

$0

$24,766

$686,733

80

$686,733

$0

$80,779

$27,469

$55,270

$0

$0

$25,509

$688,693

81

$688,693

$0

$83,203

$27,547

$56,928

$0

$0

$26,274

$689,966

82

$689,966

$0

$85,699

$27,598

$58,636

$0

$0

$27,062

$690,502

83

$690,502

$0

$88,270

$27,620

$60,395

$0

$0

$27,874

$690,248

84

$690,248

$0

$90,918

$27,609

$62,207

$0

$0

$28,710

$689,147

85

$689,147

$0

$93,645

$27,565

$64,073

$0

$0

$29,572

$687,141

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RETIREMENT PLANNER

Methodology and Assumptions


LIMITATIONS OF THE METHODOLOGY
This educational tool performs a general, year-by-year cash flow analysis of your potential retirement financial situation based on
the limited information you provide. The tool also allows you to explore how different variables such as your savings rate, salary
growth rate, life expectancy, hypothetical investment returns, or inflation may impact your retirement outlook. This tool's
methodology does not consider income taxes, nor any other taxes retirement account withdrawals may be subject to, including the
IRS 10% additional tax that may apply to withdrawals made before age 59. The tool does not take into account minimum
withdrawals you may be required to take from certain retirement savings plans.
You chose the Pre- and Post-Retirement Rates of Return values for this hypothetical analysis on the Investment Style and
Strategies page. These rates of return are neither guaranteed nor projected and are not intended to represent the future
performance of any actual financial product. You should contact a qualified professional for specific and individualized legal, tax, or
financial planning assistance.

INVESTMENT RETURNS
The investment returns used in this tool are hypothetical and for illustrative purposes only. There is no guarantee that future
performance will match the returns shown here. Investment fees and other costs of investing will reduce your returns.

CURRENT PLAN BALANCE AND OTHER RETIREMENT ASSETS


The Current Plan Balance is assumed to be the balance of your active workplace savings plans (e.g., 403(b) and 401(k) plans), if
you have any. The amount you enter here is grown each year by the applicable Pre- and Post-Retirement Rates of Return you
enter in the Assumptions and What-Ifs page.
Other Retirement Assets allows you to include other financial assets available to help fund your retirement. This may include
taxable investment accounts, IRAs, and assets you still hold in other employer-sponsored plans. You may enter the total of all
these investments/accounts at the summary level, or you may enter more specific details by clicking the worksheet icon. Since the
tool's methodology does not consider taxes, there is no material difference to the analysis whether you choose to enter this
information at the summary level or at the detail level.

SOCIAL SECURITY INCOME


The tool provides two options for including Social Security income.
1. You may elect the tool's estimate. This is calculated based on the Current Gross Annual Salary you enter on the

Retirement Savings page. The calculation closely follows the U.S. Social Security Administration's "ANYPIA" calculator
(Current Dollars method). If you include a spouse in the analysis and enter a Current Gross Annual Salary for
him/her, the calculation will appropriately determine the maximum applicable benefit (i.e., spousal or individual
benefit).
A more reliable estimate of benefits would require your complete pay history. When you prepare to retire, be sure
you know what your Social Security benefits will be. The U.S. Social Security Administration has a website that you
can visit for complete information about Social Security or to download a Social Security income calculator. It's web
address is www.ssa.gov/planners/benefitcalculators.htm.
2. You may elect to enter your own dollar estimate (e.g., an annual benefit estimate from the U.S. Social Security

Administration). This is assumed to be a Current Dollars amount.


Note that the tool's methodology grows this amount throughout the pre- and post-retirement periods at the Inflation
Rate you elect in the Modify Assumptions tab on the Results page, so the Social Security amounts appearing in the
Retirement Income chart and the Balances by Year table (found only in the printed report) may be greater than the
amount you enter, as they are measured in future (i.e., inflated) dollars.

ASSUMPTIONS
The first year analyzed is next year. The data you input is treated as year-end data from the current year. Earned income is assumed
to be your gross (pre-tax) income.
Retirement income projections are also gross (pre-tax) amounts.
Investment income on contributions to your (and your spouse's) retirement savings are compounded monthly.
Your retirement income is projected as if you would choose to meet 100% of your goal every year until your assets are used up.
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RETIREMENT PLANNER
Rate of Return is not adjusted for taxes.
In each year of retirement, any surplus or deficit in income is applied to your net retirement savings and is grown at the PostRetirement Rate of Return.
Social Security payments are assumed to increase annually at the specified rate of inflation, as are retirement expenses. Pension
benefits are only assumed to increase if specified in the assumptions. No annual increases are assumed for other sources of postretirement income.

About the Charts


RETIREMENT INCOME SOURCES
This graph illustrates how your income sources and assets may fund your expenses throughout retirement and shows whether
you may experience a shortfall. The graph begins with your assumed year of retirement and ends at your assumed life expectancy.
The top of each bar represents your income goal for the year, adjusted for inflation, and the colored portions of the bar indicate
specific income sources for the year and/or a shortfall. The chart changes dynamically as you make changes, this enables you to
explore strategies to "get the red out" and improve your hypothetical retirement outlook.

CALCULATED ASSETS
This chart shows the growth and depletion of your retirement assets over time. The graph begins in the current year and ends at
your assumed life expectancy. During the pre-retirement period, your assets grow based on your current contributions and the PreRetirement Rate of Return value you enter on the Investment Returns page. Typically, the value of your assets will trend down
during the retirement period as withdrawals required to cover income needs may exceed asset growth based on the PostRetirement Rate of Return value you enter on the Investment Returns page. If you have a shortfall, your retirement savings will drop
to $0 prior to your life expectancy. A more positive outlook will show assets remaining at the end of your assumed retirement
lifetime.
Note: If your spouse is included in the analysis, the start and end of the retirement period is determined by your assumed
retirement age and life expectancy. However, the charts will reflect "household" totals for income sources, withdrawals, shortfall (if
any), and retirement assets, so incorporate any relevant data entered for your spouse.
This educational tool performs a general analysis of your potential retirement financial situation based on limited information you
provide. These results should not be the sole basis for your financial decisions and are not intended to serve as investment advice.
This tool provides a hypothetical illustration for informational purposes only. The methodology does not consider federal, state/local
income or other taxes retirement account savings or withdrawals may be subject to, including the IRS 10% tax penalty that may
apply to premature withdrawals. The tool does not take into account minimum withdrawals you may be required to take from certain
retirement savings plans. The tool also does not evaluate any proposed contribution amounts you enter for compliance with IRS or
employer maximum contribution limits.
This illustration is not intended to reflect the actual performance of any investment vehicle and does not include any investment fees
or expenses. Rate of Return values for this hypothetical analysis are neither guaranteed nor projected and are not intended to
represent the future performance of any actual financial product. All investments involve risk, including possible loss of principal.
Lincoln Financial Group affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not
provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be
used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor as to any tax,
accounting, or legal statements made herein.

Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker-dealer and registered
investment advisor. Lincoln Financial Distributors, Inc., a broker-dealer, is the wholesale distribution organization of Lincoln Financial
Group. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.

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