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Weekly What-If Lab

What does one more working year really buy you?

Move the retirement-date slider and see the three jobs an extra year can do: add contributions, add growth, and remove one year of withdrawals.

Try your version

Work longer—or make the current date work?

Move one slider at a time. The numbers and picture update together.

1 year
03
$620,000
100,0002,000,000
$1,800
05,000
5.0%
28
Additional balance$85,680growth plus added contributions
Monthly income equivalent$286using a 4% illustration
Time added1 yearthe life tradeoff to consider
Projected retirement balance comparisonThe current retirement date is compared with working 1 additional year.PROJECTED BALANCECurrent date$1,281,597+1 year$1,367,277todayplanned retirement

Illustration uses a constant real return and level monthly contributions. Actual returns are uneven, and taxes and fees are not modeled.

Why this lever can look surprisingly large

An additional working year is not just another year of contributions. The money already saved gets another year to compound, new contributions begin compounding, and the portfolio is asked to support one fewer year of retirement.

That combination is why changing the retirement date can move a projection more than changing a single monthly contribution. The lab keeps those effects visible instead of rolling them into one unexplained number.

What the picture does not decide

The strongest mathematical answer is not automatically the right life answer. Health, caregiving, job stability, time with family, and the value of a healthy year can matter more than the projected balance.

Try zero, one, two, and three extra years. Then ask whether a smaller spending change, part-time bridge, or different claiming strategy could buy the same margin with a better life tradeoff.

Verify before you act

These official resources provide background for the concepts in this illustration: