• Question
  • I receive 744/mo. on disability. Will I still run out of funds by 80 years old?

    Asked by a 67 year old man from Hanahan, SC on 1/12/2014

    I receive 744/mo. on disability. Will I still run out of funds by 80 years old?

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  • Categories: Retirement Planning, Out of Money

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Good question - you shouldn't run out of income so long as you continue to qualify for disability, however income is different than savings. Our calculator shows an estimate of when your savings may run out based on some assumptions.

    It may also come up with other ideas for increasing your income or reducing risk in retirement.

    https://www.newretirement.com/retirement-calculator/default.aspx

    Hope this is helpful.

  • Login to rate this answer:   Answered on 1/19/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.