There will come a time in everyone’s life when they will choose to stop working and must determine how much income they’ll require from their retirement savings.

　　每个人生命中都会迎来这个时期——要选择停止工作并确定养老金会带来多少收入。

　　Those who are fortunate will have a large nest egg to draw from and can live comfortably and without worry. But that’s not true for everyone.

　　幸运的人会有一大笔养老金，可以高枕无忧，但并非人人如此。

　　These days, people are living longer and may need income for 25, 30, or even 40 years. How much money does a retiree need to save?

　　现在的人更长寿，可能要领25、30甚至40年养老金，退休人员要攒多少钱呢?

　　Is $500,000 enough?

　　500,000美元够吗?

　　For many people, that total may not be sufficient. But the right investment portfolio could provide enough income to get you by.

　　对很多人来说，这个总数可能不够，但选对理财产品就能保证你安度晚年了。

　　Let’s assume that a person is receiving about $17,000 annually from Social Security, which is roughly the average payment for those receiving benefits today.

　　我们假设一个人每年从社保领17,000美元，大概是现在养老金的平均数额。

　　The rest of their annual income must come from their investment portfolio of $500,000.

　　其余的年收入来自500,000美元的投资收益。

　　That means that they will need to pull in about $33,000 from their investments just to earn $50,000 in their first year of retirement.

　　这就意味着退休第一年想要有50,000美元的收入，他们投资收益大约要有33,000美元。

　　We should assume that inflation will cause income needs to rise, so the retiree’s investment portfolio needs to increase as well.

　　我们要假设通货膨胀会导致收入需求的增长，所以退休人员的投资收益也要随之增加。

　　Thus, it’s important to have a portfolio that can protect your savings while also allowing it to grow faster than your annual withdrawals. This means finding the right balance between stocks and fixed income investments.

　　因此很重要的是要找到一个既能保护你的积蓄，又能保证收入增速超过年消费增速的理财产品，这意味着要在股票和固定收益类投资之间找到一个平衡。

　　Keep in mind that most financial advisors recommend following the “four percent rule” regarding the withdrawals on accounts.

　　你要记住大部分投资顾问提到账户提款时都会给出下面的“百分之四原则”。

　　This guideline suggests that to ensure retirement savings will last for the rest of their lives, they should not withdraw more than 4 percent of their income on an annual basis.

　　这个指导原则建议你为了保证退休金能让你安度晚年，每年取款钱数不能超过收入的4%。

　　With $500,000 in savings, most investors will be forced to either violate the four percent rule or live on a very small income.

　　大部分投资者有500,000美元的存款也会被迫要么违反百分之四的原则，要么靠很少的收入维持生活。

　　Let’s examine 2 possible investment portfolios of $500,000 and a look at the potential income.

　　我们来看两组500,000美元可以买的理财产品以及潜在的收入。

　　20/80

　　20/80投资方案

　　(20 percent equities and 80 percent fixed income.)

　　(20%买股票，80%买固定收益理财产品。)

　　10 percent US Equities

　　10%买美国股票

　　10 percent International Equities

　　10%买国际股票

　　10 percent U.S. Treasuries

　　10%买美国国债

　　15 percent Global Bonds

　　15%买全球债券

　　15 percent Corporate Bonds

　　15%买公司债券

　　5 percent Treasury Inflation Protected Securities (TIPS)

　　5%买通货膨胀保值债券

　　10 percent Mortgage-backed securities

　　10%买按揭证券