• Will you still have mortgage payments during retirement? • Will you be in a lower tax bracket? • Will you be responsible for your children's or grandchildren's college costs when you retire? • Will your commuting, business and clothing costs decrease? • Will your health care and medical insurance costs increase? • Will you still need auto insurance? • Will you need life insurance? • Which hobbies and activities will you pursue, and how will they affect your budget? • Will you travel more or eat out more often? Annual Rate of Inflation on your Income Need Inflation has averaged between 2% and 4% over the past 20 years. You may change this figure if you would like to see the effects of different inflation assumptions on your results. Annual Rate of Increase on Additional Investments You may change this assumption to any number between 0 and 3 if you would like to see the effect of different Social Security increases on your results. The default figure of 1.3 is the most recent average increase released by the Social Security Administration. After-Retirement Income Entering an amount in this field will reduce your income goal in this calculation. If you will receive Social Security benefits and you do not enter a projected annual figure in this field, this calculator will overestimate what you need to invest annually to make up any gap between your projected capital at retirement and your projected income need. If you don't know how much Social Security income to expect, call the Social Security hot line at (800) 772-1213. If you are older than 60, you can obtain an estimate from your local Social Security office while you wait or visit the Social Security Administration Web site: www.ssa.gov/online/forms/html. If you have other sources of income at retirement or other income needs be sure to contact your BSP International consultant for a more complete analysis.