CLIP Calculator
You always get more retirement income with CLIP.
FROM NOW UNTIL RETIREMENT
Your personal account balance:
Your CLIP Account earns Credits worth:
Total value of your Savings Accounts:
DURING RETIREMENT
Your planned monthly income of ______ is drawn from both your Personal and CLIP Accounts.
You are not expected to save more money in your Personal Account.
You will continue to earn more Credits in your CLIP Account.
Your savings will last until you are aged:
Total income you receive during retirement:
Without CLIP, if you outlive your money at age 86, you will need to rely on other savings or family to support your financial needs.
With CLIP, you run out of money at age 96, which is 10 years longer than without CLIP, providing you with extra income of $10,000 instead of relying on other savings or family.
ON DEATH DURING RETIREMENT AT AGE: 65
Move slider to change age
Your Personal Account balance will be:
Your Beneficiaries will receive lump sum of:
Your Contribution to the Community Fund will be:
VALUES AT SELECTED AGES
| Input up to 3 ages | |||
|---|---|---|---|
| Your Account balances up to this age: | |||
| Your Personal Account: | $500,000 | $500,000 | $500,000 |
| Your CLIP Account: | $40,000 | $40,000 | $40,000 |
| Total Savings Accounts balance: | $540,000 | $540,000 | $540,000 |
| Expected savings up to this age: | |||
| Your planned Personal Account deposits: | $10,000 | $10,000 | $10,000 |
| Your expected CLIP Account deposits: | $30,000 | $30,000 | $30,000 |
| Total deposits to your savings account: | $40,000 | $40,000 | $40,000 |
| Expected withdrawals up to this age: | |||
| Your planned retirement income: | $10,000 | $10,000 | $10,000 |
| Your expected use of credits for income: | $10,500 | $10,500 | $10,500 |
| Expected payments on your death at this age: | |||
| Payment to your beneficiaries: | $10,400 | $10,400 | $10,400 |
| Contribution to Community Fund: | $13,560 | $13,560 | $13,560 |
Your Account Value grows until retirement, then falls as you draw income
Account Values by Age
Calculating...
Retirement Income is available while you have money and credits in your Accounts
Source of Retirement Income
Calculating...
With CLIP, you earn credits before and after retirement
Personal Savings and CLIP Credits by Age
Calculating...
If you live longer, CLIP makes it likely that you will have money to leave to your beneficiaries
Payment to Beneficiaries
Calculating...
The amount you are likely to contribute to the Community decreases with age
Contribution to Community on Death
Calculating...