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If you change the date of birth indicated, the information you entered in the other sections will be lost.
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If your employment income fluctuates each year, give your average earnings for the past few years.
For the purposes of this simulation, we consider that the indicated income will remain constant until you retire.
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Weighted average income: A weighted average is used when values do not all have the same relative importance in the total. SimulR uses a weighted average to calculate the average earnings of an individual who would receive, for example,
$30 000 from age 55 to 65 (for 10 years) and$50 000 from age 65 to 90 (for 25 years).Length of retirement: 90 – 55 = 35 years
In this example, SimulR calculates the weighted average income as follows: