Welcome to Cache Smart

Affordable tools for your retirement planning piece of mind

 

We are proud to offer WealthProbe, a tool that allows you to analyze your unique retirement plan.

Example: A couple falls short

As an example, the next two charts present a hypothetical scenario showing a couple who currently rent their housing and intend to do so through their Target Date of December 2052 (the Target Date is the date through which they expect to support themselves). They initially intended to retire on January 2033.
The Wealth vs. Time chart for their first run through is shown in the figure below, where the cursor has been positioned on their last month before retirement (just to see the information at that point). In this scenario, they ran out of money in March of 2049, 3¾ years too early.

 

They fix it using what-if analysis

After several ‘what-if’ iterations (easily accomplished using the user-friendly interface) the couple found they could keep their other reasonable assumptions and simply postpone their retirement date for 4 years to January 2037. That resulted in their delaying taking social security, which increased their payments significantly when they started taking it.

 

 

The updated scenario is shown in the figure above, where the cursor has again been positioned at the month before retirement (December 2036). With this postponement of their retirement date, the couple has $78,092 on their Target Date. This money would allow them to continue to support themselves into April of 2053, if need be, giving them a small margin of error in case their assumptions are a little off. Notice the greatly increased slope downward starting in the Nursing Phase. For planning purposes, the couple has assumed their total expenses will roughly double, with one of them requiring assisted living during the 4-year Nursing phase.

Click here for more examples and FAQs about WealthProbe or here to go to the  WealthProbe home page.