The Retirement Needs page allows you to specify client and spouse retirement needs based as a currency amount or as a percentage of post-tax income.
To enter retirement needs, do the following:
Click the Need Based On drop-down and select % of income or Current Value.
If you select % of income, enter an estimated percentage of income in the Retirement Need field.
Note: Percentage-based retirement need is percent of post-tax salary.
If you select Current Value, enter a dollar amount in the Retirement Need field.
Note: You cannot specify different retirement needs at different times because the Ibbotson wealth forecast engine only accepts a single retirement need amount (or percentage) for each investor, i.e. one for the client and one for the spouse.