How do you make your retirement income last?

If your retirement income is fixed then the only way to make it last is to make sure that each year in retirement you spend less than the amount you have left over after taking out taxes from your retirement income. Keep in mind that this gets harder each year as inflation increases your retirement spending. If, in the beginning years of retirement, you can spend less than you make you can take the extra money and invest it in fixed income securities (certificate of deposits, bonds, etc) that will earn you interest income moving forward. This may help your situation.

Knowing if you have saved enough money for retirement usually requires a tool. One such tool is the Retirement Calculator at VestingPoint.com (see link). You may try it for free.