Meet Julie, High Salaried Saver
Julie has had quite the successful career in the healthcare field, finding her passion as an Oncologist. She enjoys her career and plans to continue working until something happens in life that changes that.
Her husband plans to retire from teaching in two years and will spend his days on the golf course and with their grandkids while she continues to save. While her husband doesn’t have as much saved as her, Julie still feels comfortable with their current savings for retirement—whatever that retirement will look like. Her lucrative career has put her in the unique position to feel less stressed about her retirement readiness than the average American.
Many Americans who choose delay to retirement due to their successful and enjoyable career may relate to Julie’s situation, behaviors, and attitudes—in terms of both retirement planning and her outlook on the world around her.
Click the + below to learn more about Julie:
Julie’s Years of Retirement
Using CoPilot’s Years of Retirement calculator, Julie can see how her real-life financial decisions, like delaying her retirement or minimizing her expected cost of living in retirement, could affect her future retirement outcomes and ultimate retirement readiness when she does decide to step away from her career.
Breaking down her savings in this way helps Julie visualize her future retirement and understand how many Years of Retirement she and her husband could afford—helping put her at ease that she’ll be financially ready if and when she decides to hang up her white coat.
To learn more about how CoPilot helps keep participants on track to reach ultimate retirement readiness, check out our CoPilot Journey Roadmap.
If you relate to Julie’s situation or just need a little extra help preparing for your upcoming retirement, we’ve got you covered. Download the PDF version of this information to save and reference back while planning your retirement strategy.
Using key assumptions, the Years of Retirement (YoR) calculator breaks down your retirement savings differently—in terms of years, not just account balances. Learn about the assumptions used and how they play into your projected YoR.
Social Security benefits are a major source of income for many retirees, and as Julie nears closer to reaching her retirement, she’ll need to plan for her benefit. Download this PDF to learn more about planning for your own Social Security benefit.
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CoPilot recordkeeping services include Years of Retirement calculations and savings alerts. Services for CoPilot are provided by Plan Administrators, Inc. (PAi), an Ascensus company. The Years of Retirement resource is for illustrative purposes only and is not, in any way, a guarantee of future results. |