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Comprehensive Financial Planning for a Sustainable Retirement†

Nabil Tahani

Nabil Tahani

Associate Professor of Finance and Area Coordinator, School of Administrative Studies, York University
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Tahani, Nabil
 and 
Chris Robinson

Chris Robinson

Professor Emeritus of Finance and Senior Scholar, School of Administrative Studies, York University
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Robinson, Chris
  
Nov 27, 2024
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Published Online: Nov 27, 2024
DOI: https://doi.org/10.2478/fprj-2024-0002
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© 2024 Nabil Tahani et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.

Figure 1.

Inputs and Outputs for the Model.
Inputs and Outputs for the Model.

Success Probability in % with Different Assumptions Canadian Males

Acceptable Failure Base Case (S)* Drift 1% (C)* Drift −1% (C) Drift −2% Retire 68 Retire 68 (C) Drift −1%
5% 48/2.8/90 40/2.7/99 60/3.5/82 71/4.2/73 63/3.1/81 74/3.7/73
10% 65/3.7/84 56/3.6/92 75/4.5/74 83/5.2/66 77/4.0/73 85/4.7/65
20% 82/5.1/74 74/5.0/83 88/5.8/65 93/6.6/58 90/5.3/64 94/6.0/57

Success Probability in % with Different Assumptions Canadian Females: Median Age of death 88 if retired at 65

Acceptable Failure Base Case (S) Drift 1% (C) Drift −1% (C) Drift −2% Retire 68 Retire 68 (C) Drift −1%
5% 45 37 57 69 59 70
10% 61 52 72 81 73 82
20% 78 70 86 91 87 92
Language:
English
Publication timeframe:
2 times per year
Journal Subjects:
Business and Economics, Political Economics, Economic Theory, Systems and Structures, Business Management, Business Management, other, Industries, Banks, Financial Service Provider, Insurers
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