Retirement
Annuity
Single (worker only)
Joint (50% Survivor)

Worker
Female Male
Nearest age

Beneficiary
(if joint)
Female
Male
Nearest age

Investment
Real Return
Expected (% per year)
Std Dev. (% per year)

Real
Annuity discount rate
(% per year)

Worker
Retirement Age
Retirement age

Savings
Current (yrs
salary)
Future (% of
salary)

Real
Salary Increases
Annual (% per yr)

Analysis
Geometric mean approximation
Simulate cases
Pctls: .
. 