Lifetime Certainty-Equivalent Return Calculator

What is the lowest risk-free, after-tax, after-inflation rate of return you would accept in order to forgo all other investment opportunities for the rest of your life?

The answer, along with the thinking behind it, speaks to whether and by how much you think you can beat the market in the long run, your level of personal risk-aversion, and the average tax rate you think you'll pay on your investment returns. It's a useful reference point to keep in mind when evaluating real-world investments, and also as one of the key inputs to figuring out your long-term spending policy.

Note: This tool works best on desktop screens.

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