10E24 has developed a web app for financial advisers to assist them undertake retirement calculations for their clients.
There are a range of calculators embedded within the app:
- Life expectancy calculator
- Explore life expectancy based on your client’s health state
- Single life and joint life last survivor statistics are included
- Calculate the the probability of living 10, 20, 30+ years
- Sustainable Consumption calculator
- Calculate how much your client can spend, whilst limiting their risk of shortfall to a specified threshold.
- Individual retirement cashflow forecast
- Forecast all household cashflows and your client’s balance sheet
- Allows for the Age Pension, Primary Residence, Geared Investment Properties, Assets outside of Super, Home Equity Release
- Explore the impact of selecting differing investment, consumption, and annuity purchase strategies
- Select any one of the 2 million simulations, or run a deterministic calculation using constant assumptions
- Strategy Efficacy Calculator
- This calculator runs all 2 million simulations for your client and summarises the results
- Use this calculator to test the efficacy of differing nvestment, consumption, and annuity purchase strategies
- Sensitivity Analysis Calculator
- Explore the sensitivity of altering your client’s investment or consumption strategy over time
- Optimisers
- Calculate the investment, consumption and product purchase strategy that best meets your clients needs