%0 Journal Article %A Robi Elnekave %T The Mathematics of Savings and Retirement Planning %D 2007 %R 10.3905/jwm.2007.698899 %J The Journal of Wealth Management %P 87-92 %V 10 %N 3 %X Saving and retirement planning currently rely on techniques that have proven to be failure prone at best, and completely inadequate under the worst circumstances. Further, existing methods do not provide an understanding of the drivers behind the success or failure of savings plans. This lack of insight, combined with a deficient framework, contributes to the adverse outcomes experienced by many pension plans and individuals. This article introduces a new perspective on modeling savings that borrows extensively from the field of hydrology. To accomplish this, the author applies a modified version of mathematical techniques used by hydrologists in dam building to savings and retirement planning. The goal is to present an intuitive decision framework, based on a novel concept. In the process, the author hopes to open a new path in the dialogue to improve the state of the art in savings and retirement planning.TOPICS: Retirement, quantitative methods %U https://jwm.pm-research.com/content/iijwealthmgmt/10/3/87.full.pdf