Retirement income calculator for Income America 5ForLife

No matter what age you are, it's never too soon—or too late—to get serious about saving for retirement.

However, it can be hard to know how much to save if you don't know how much annual income you'll need when you retire.

Thanks to Income America^™ 5ForLife, you can have retirement income you can count on. With Income America 5ForLife, you're guaranteed a retirement income of 5% of your income base per year, starting at age 65, for the rest of your life.¹ That means your retirement income will be predictable, despite any potential market fluctuations.

¹ If the joint option is elected, the participant's payout will be lower than 5%, depending on their age and their spouse's age.

Take advantage of market growth without the risks

As you're working and contributing to Income America 5ForLife through your employer's retirement plan, you'll be able to take advantage of any market growth. When you turn 65, your income base locks in and is set to the greater of your contributions to 5ForLife or the market value of your 5ForLife funds. Your income base cannot go down, even if the market drops, and you'll receive 5% of it every year for the rest of your life.²

² The market value of your account is never guaranteed and fluctuates based on investment performance. To receive the guaranteed income, you must stay invested in Income America 5ForLife. If you withdraw more than the guaranteed income in any year, your income base and future guaranteed annual income amount will decrease. Guarantees are subject to the claims-paying ability of the issuing companies.

See how your contributions impact your retirement income

Income America 5ForLife offers powerful protection against market uncertainty.

For example, if you contribute $200,000 to Income America 5ForLife, yet it's only worth $180,000 when you reach age 65, you'll still receive your 5% retirement income based on your $200,000 contribution—which would be $10,000 per year.

However, if you contribute $200,000 to Income America 5ForLife and it's worth $220,000 when you reach age 65, you'll receive your 5% retirement income based on the $220,000—which would be $11,000 per year.

When you die, the remaining market value of your Income America 5ForLife investment is paid out to your designated beneficiaries.