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Other Research Projects –Tools and Software

Retirement Income Calculator– Beta Version

The Committee on Knowledge Extension Research (CKER) is pleased to make available, free of charge, this Beta version of the Retirement Income Calculator software created by William Leslie. This software was produced with funding awarded through CKER’s annual grant competition.

The software was developed as a pedagogical tool to help demonstrate the impact of a change in Retirement Income strategy on potential financial outcomes. A user can consider various strategies of longevity and asset performance risk transferal and observe the resulting changes on a range of modeled outcomes. The overall purpose is to provide an understanding of the trade–offs of risk and reward in retirement strategies.

Below you will find links for the following files associated with the software:

• Beta Version of the Software (Zipped Excel file–16mb)
• A Case Example
• Note: The software is not intended as a comprehensive retirement planning and should not be used, under any situation, for these purposes.
• CKER thanks the following individuals who formed the Project Oversight Group:
• Sarah Christiansen
• Steve Cooperstein
• John Kalnberg
• Guodong Li
• Mitch Serota
• Mike Sze
• Steve Siegel, SOA Research Actuary
• Disclaimer for Software Posted on Website
• Important: The Retirement Income Calculator, Beta Version (“Software") posted on this site is the property of the Society of Actuaries ("SOA") and is protected under U.S. and international copyright laws. It was created for the SOA by William Leslie.
• The Software has been developed for the benefit of actuaries FOR EDUCATIONAL USE ONLY, although others may find it useful. SOA makes the Software available to individual users for their personal use on a non–exclusive basis. No commercial use, reproduction or distribution is permitted whatsoever.
• The Software currently posted on this site is a beta version. SOA and the authors make no warranty, guarantee, or representation, either expressed or implied, regarding the Software, including its quality, accuracy, reliability, or suitability, and HEREBY DISCLAIM ANY WARRANTY REGARDING THE SOFTWARE’S MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. SOA and the authors make no warranty that the Software is free from errors, defects, worms, viruses or other elements or codes that manifest contaminating or destructive properties. In no event shall SOA or the authors be liable for any damages (including any lost profits, lost savings, or direct, indirect, incidental, consequential or other damages) in connection with or resulting from the use, misuse, reliance on, or performance of any aspect of the Software including any instructions or documentation accompanying the Software. SOA and the authors make no representation or warranty of non–infringement of proprietary rights of others with respect to the Software. The entire risk as to the uses, outputs, analyses, results and performance of the Software is assumed by the user. This Disclaimer applies regardless of whether the Software is used alone or with other software.