Starting Age: 60 | Annual Deposit: $63,900 | GIC Rate: 6.000% | Bank Loan Rate: 7.000%
Paul Barbour & Associates - Health and Wealth Management
| Year | Age | Annual Deposit | After-Tax Estate Value | Account Value | Cancellation Value | After-Tax Account Estate Value |
|---|---|---|---|---|---|---|
| 1 | 61 | $63,900 | $1,061,039 | $57,987 | $30,628 | $65,970 |
| 2 | 62 | $63,900 | $1,121,449 | $118,397 | $63,679 | $134,078 |
| 3 | 63 | $63,900 | $1,184,345 | $181,293 | $99,216 | $204,393 |
| 4 | 64 | $63,900 | $1,249,565 | $246,513 | $137,078 | $276,985 |
| 5 | 65 | $63,900 | $964,673 | $314,084 | $204,649 | $351,930 |
| 6 | 66 | - | $838,790 | $322,967 | $213,532 | $363,333 |
| 7 | 67 | - | $846,308 | $333,430 | $251,353 | $375,105 |
| 8 | 68 | - | $850,763 | $343,490 | $288,772 | $387,258 |
| 9 | 69 | - | $853,895 | $353,424 | $326,065 | $399,805 |
| 10 | 70 | - | $855,339 | $362,907 | $362,907 | $412,759 |
| 11 | 71 | - | $797,122 | $372,027 | $372,027 | $426,132 |
| 12 | 72 | - | $750,857 | $382,293 | $382,293 | $439,939 |
| 13 | 73 | - | $714,040 | $393,843 | $393,843 | $454,193 |
| 14 | 74 | - | $684,656 | $406,685 | $406,685 | $468,909 |
| 15 | 75 | - | $669,425 | $426,040 | $426,040 | $484,101 |
| 16 | 76 | - | $658,780 | $447,217 | $447,217 | $499,786 |
| 17 | 77 | - | $652,159 | $470,392 | $470,392 | $515,979 |
| Year | Age | Retirement Income After-Tax | After-Tax Estate Value | Accum. Bank Loan | Cancellation Account | Retirement Income (Alt) | After-Tax Estate (Alt) |
|---|---|---|---|---|---|---|---|
| 18 | 78 | $39,940 | $649,221 | $39,940 | $495,818 | $39,940 | $492,757 |
| 19 | 79 | $39,940 | $649,874 | $82,676 | $523,890 | $39,940 | $468,782 |
| 20 | 80 | $39,940 | $654,891 | $128,403 | $554,891 | $39,940 | $444,031 |
| 21 | 81 | $39,940 | $689,143 | $177,331 | $589,143 | $39,940 | $418,477 |
| 22 | 82 | $39,940 | $725,398 | $229,685 | $625,398 | $39,940 | $392,096 |
| 23 | 83 | $39,940 | $763,800 | $285,702 | $663,800 | $39,940 | $364,860 |
| 24 | 84 | $39,940 | $804,454 | $345,642 | $704,454 | $39,940 | $336,742 |
| 25 | 85 | $39,940 | $747,424 | $409,777 | $747,424 | $39,940 | $307,712 |
| 26 | 86 | $39,940 | $801,782 | $478,401 | $801,782 | $39,940 | $277,742 |
| 27 | 87 | $39,940 | $860,103 | $551,829 | $860,103 | $39,940 | $246,801 |
| 28 | 88 | $39,940 | $922,676 | $630,397 | $922,676 | $39,940 | $214,857 |
| 29 | 89 | $39,940 | $989,810 | $714,465 | $989,810 | $39,940 | $181,878 |
| 30 | 90 | $39,940 | $1,061,839 | $804,417 | $1,061,839 | $39,940 | $147,831 |
| 31 | 91 | $39,940 | $1,139,119 | $900,666 | $1,139,119 | $39,940 | $112,681 |
| 32 | 92 | $39,940 | $1,222,033 | $1,003,653 | $1,222,033 | $39,940 | $76,392 |
| 33 | 93 | $39,940 | $1,310,992 | $1,113,849 | $1,310,992 | $39,940 | $38,927 |
| 34 | 94 | $39,940 | $1,406,435 | $1,231,758 | $1,406,435 | $39,940 | $248 |
| 35 | 95 | $39,940 | $1,508,837 | $1,357,921 | $1,508,837 | $256 | - |
| 36 | 96 | - | $1,618,705 | $1,452,976 | $1,618,705 | - | - |
| 37 | 97 | - | $1,736,582 | $1,554,684 | $1,736,582 | - | - |
| 38 | 98 | - | $1,863,052 | $1,663,512 | $1,863,052 | - | - |
| 39 | 99 | - | $1,998,742 | $1,779,958 | $1,998,742 | - | - |
| 40 | 100 | - | $2,144,325 | $1,904,555 | $2,144,325 | - | - |