Standard Profiles Used for Silvur Calculators

Silvur calculators are designed to provide an insight into how changing specific portions of your retirement plan can affect the longevity of your savings. For the purposes of these calculators, we use standard profiles derived from anonymized Silvur user data and statistics from other sources like the Bureau of Labor Statistics. This combined data is used to develop baseline profiles with default values which provide a starting retirement score. When inputs are provided into these calculators, this modifies specific parts of the standard profile to provide you with the projected change in the profile’s retirement score. To see fully personalized projections, you can download the Silvur app here. See below for more specifics on the two different standard profiles we use for calculators.

Standard Single User Profile

The standard profile for the single user is age 58 with a planned retirement age of 62 and a Social Security election age of 67, which is the age at which this user would qualify for full benefits. Their income is ~$80,000 per year with a spending rate that is ~90% of post-tax income (statistic from the Bureau of Labor Statistics via the Detroit Free Press). Assets across retirement savings and home equity are ~$750-850,000. To project estimated tax amounts, it is assumed that the standard profile user is a resident of Florida.

Standard Married User Profile

The standard profile for the married user is both members of the couple at age 58 with a planned retirement age of 62 and a Social Security election age of 67, which is the age at which these users would qualify for full benefits. Their household income is ~$120,000 per year with a spending rate that is ~90% of post-tax income (statistic from the Bureau of Labor Statistics via the Detroit Free Press). Assets across retirement savings and home equity are ~$750-1,000,000. To project estimated tax amounts, it is assumed that the standard profile user is a resident of Florida.