How do you factor in inflation and social security into my Retirement goal?

Your retirement goal projection includes:

• the retirement accounts you told us you have.
• all Ellevest accounts associated with your retirement goal.
• recommended savings amounts in the accounts associated with your retirement goal.
• investments in the recommended portfolio for all accounts associated with your retirement goal.

We first project how each of your retirement accounts will perform under many different economic scenarios, up until you retire. We then estimate your social security benefits and add that to the amount of retirement income your accounts can realistically provide. We continue to forecast investment growth in your portfolio, as well as tax consequences during your retirement. Your resulting forecast is the retirement income amount you can achieve with a 70% likelihood without running out of money during your lifetime.