News & Information

How long will your money last?

Did you know that $500,000 would pay approximately $3,000 per month for 28 years and seven months assuming the principal earned 6% interest? This hypothetical example does not account for the impact of fees and taxes, but it does provide a glimpse at how much you may need to fund the many years you could spend in retirement.

Of course, each person’s monthly income needs are different and depending on the actual interest earned, your money could last a longer or shorter period of time. The important thing is to consider the "what if" scenarios.

Securian’s here to help you get answers to those nagging "what if" retirement planning questions. Just use one of our retirement calculators to track your retirement progress. They’re great tools to help you stay on track and reach your retirement savings goals.