FAQ: How Do I Model Earlier Retirement Dates?

Go to Planning > Projections and make a copy of your existing scenario using the Copy button. Name your copy so you can keep track of each scenario.

Then in the copied scenario go down to the Planning Table and manually reduce your income for the period you want to retire early using an override. In the table open the Income columns using the “>” arrow, then find the year you want to reduce employment income for, double click, and add a manual override to zero it out (or reduce if it’s a partial year of income). Then Recalculate your plan to integrate that change. This change will only affect the one scenario, so now you can compare one scenario vs the other.

If you also have different spending in retirement you can make the same adjustment by adding or reducing “Other” spending column.

Keep in mind if you have a defined benefit pension you will have to rerun the calculation on your employer's calculator in order to have a benefit that matches your new working years. The platform will not dynamically calculate a new pension amount.