The projections or other information generated by Otar Retirement Calculator (referred to as “ORC” throughout this document) regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. ORC uses the actual historical market and economic data. It does not use any Monte Carlo or any other type of simulations. For the same identical input, the software's results will remain the same with each use during a calendar year. However, each year new historical data is added to its database, and therefore the results may change from year to year to reflect the inclusion of the most recent data. 

While ORC runs a snapshot of historic outcomes based on your current financial data, it cannot foresee or account for all possible situations that could impact your financial situation, -negatively or positively. Financial and retirement objectives do change over time. It is critical that you and/or your advisor review your retirement, investment, and income plans at least once a year.


ORC calculates your retirement asset values based on actual market history. It does not require an assumed average portfolio growth rate or average inflation. It is not a Monte Carlo simulator.

The program calculates the value of portfolio assets as if you were to retire in each one of the years starting with year 1900, or for some foreign markets, since the earliest available year. Each line on the asset chart represents the asset value of the portfolio as if you retired in that year, i.e. in 1900, 1901, 1902,…, 1999. This asset line is calculated using historical market fluctuations, inflation and  interest rates for each year. Each line representing a particular year of retirement is then plotted on the same chart to give a “bird’s eye” view of all outcomes.

The results are not a "forecast" of your future financial picture. Rather, it presents an “aftcast" of potential outcomes based on actual market history. Observing the history, you might have a more realistic “picture” of your retirement planning compared to other calculators that are assumption-based and/or simulation-based.


The information generated by ORC regarding the likelihood of various investment outcomes is hypothetical in nature. It does not reflect actual investment results, and is not a guarantee of future results.

Past performance is no guarantee of future results. The data and information provided does not reflect all taxes applicable to your specific situation.

ORC illustrates how a mix of asset classes (stocks, bonds, cash or inflation indexed bonds), or income classes (investment portfolio, immediate life annuity, variable annuity with or without guaranteed income/withdrawals), would have fared under historical market conditions, given your stated financial goals and your cash flow. It does not provide a prediction of your ability to meet your goals; rather, it merely reports the hypothetical outcomes that would have occurred in the past.

ORC should not be used as the primary basis for any investment or tax-planning decisions. Results will vary in the future. ORC is not intended to predict the future value of actual investments or actual holdings in your portfolio. It is also not intended to predict the current and future value of actual lifetime income.

ORC displays a 40-year time horizon of historical outcomes. If the time horizon between the current age and age of death is over 40 years, the program calculates and displays the asset value required at the 40th year that can provide lifelong sustainable withdrawals beyond the first 40 years.

ORC is an educational program developed by Inc. Its primary objective is to help you identify a strategy for retirement income planning. It is designed to be a retirement calculator. It is not designed to create a comprehensive financial plan.

This material is provided for general and educational purposes only and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under any tax laws. Contact your attorney or other advisors regarding your specific legal, investment or tax situation.

ORC may not always operate or deliver results as intended, and Inc. cannot be responsible for errors in functionality or operability, either caused by hardware or software issues, or any other reason.

The estimated income requirement for the retiree, as well as the fees, costs and other cash flow assumptions may be materially different over the course of the related planning time horizon than in real life. Any user of the ORC has the ability to control assumptions utilized in the analysis presented in this report. It is important that you clearly understand that small changes in the input can change the outcome significantly.


For additional details, refer to the “User Guide” that is built into the program. You can access it by clicking on the “User Guide” button on the main page of ORC. Additional information such as frequently asked questions, troubleshooting, program update notices are available at:

If you are not completely confident in your understanding of the complexity of these points, you should seek the advice of a financial advisor who thoroughly understands the implications of the analysis and any assumptions used. Inc. has not endorsed, tested or validated any of the assumptions and input that you or your advisor might have entered.