Know your number.
Am I Funded? measures retirement the way pension funds do: your future spending is a liability, priced off today's real yield curve. Divide what you have by what your life costs, and you get one number — the funded ratio.
Price the liability
Your retirement spending is a stream of future cash flows. It has a price — set by real yields, not by guesswork about market returns.
Measure the ratio
Assets over liability. Above 1.0, your spending is funded at today's prices. Below it, you know the size of the gap — in years of spending, not abstractions.
See what to fix
A probability of success can't tell you what's wrong. A funded ratio and three hedging gaps can: inflation, interest rates, permanent loss.
Read the series
The Funded Ratio — twelve essays on measuring retirement like a pension fund. A free calculator that prices your number off the live curve follows.