How do I add salary or regular income to my retirement plan?
PortfolioPilot needs your income sources to project ongoing contributions and retirement income accurately. Each type has its own home in the product:
Salary / employment income:
Enter your current yearly income in Preferences → User profile. The same value flows through to the Retirement planner → Money in & out tab → Basic income section, where you can also set a yearly growth rate. The salary phases out automatically at the retirement age you set in the People tab.
Pension:
Two options:
- Option 1 (recommended): Open Retirement planner → Money in & out tab → "Pension or other retirement income" field. Enter the amount monthly or yearly — the planner handles conversion either way.
- Option 2 (fallback): If your defined-benefit plan is anything other than regular income at retirement (e.g. a lump-sum payout, an irregular schedule, or an asset you can transfer), add it in Net Worth → "Add an asset" → Other assets → Pension.
Rental income:
Add it as a new real estate property in Net Worth → "Add an asset" → Real estate. Mark it as a rental property and enter the rental income on the same form — the income automatically feeds into your retirement projection.
Social Security:
Open Retirement planner → People tab and enter your Social Security benefit amount and Social Security start age.
Other recurring income or expenses (annuity payments, medical expenses, family support, custom payments): open the Money in & out tab → Recurring income or expenses section → + Add payment. The Retirement planner updates automatically as soon as you add or change any of these.
