Money available after leaving the workforce, typically drawn from pensions, public benefits, savings withdrawals, and investment income.
Retirement income is the stream of money a household uses after work earnings stop or fall sharply.
It often comes from multiple sources at once, including public benefits, pensions, retirement-account withdrawals, annuities, and ordinary savings.
Retirement income matters because retirement planning is not only about asset accumulation. It is about turning assets and entitlements into usable cash flow.
pensions may provide baseline monthly income
public benefits can cover part of essential spending
retirement accounts and savings often fill the remaining gap
For most households, the real planning question is how stable and durable total retirement income will be over time.
Pension: Structured retirement benefit that often forms part of income in retirement.
Social Security: U.S. public retirement and survivor benefit system.
Automatic Withdrawal: One way accumulated retirement assets are turned into spending cash.
Annuity: Product designed to convert assets into periodic income.