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JPMorgan SmartSpendingSM

Designed with real-life retiree behavior in mind. SmartSpending helps retirees spend confidently in retirement
while balancing their ability to spend with the risk of outliving their assets.

How does it work?

SmartSpending helps investors spend their money down gradually over the years until the fund's maturity date, while also generating investment returns.

The "sample spend-down" amount is announced at the beginning of each year. If investors adhere to it each year, with the amount likely changing annually, the assets in the Fund should be at or close to zero by Year 35.

For example, if you had $100,000 invested in SmartSpending 2015 and the annual sample spend down amount for 2020 was 5.3% the amount of money to spend comfortably would be $5,300 for 2020.

VIEW THE SMARTSPENDING 2015 FUND             VIEW THE SMARTSPENDING 2020 FUND

THE PARTICIPANT EXPERIENCE

Designed with retirees in mind, our research-based communications program helps participants understand the features and benefits of SmartSpending in a simple, easy-to-understand way.
Four mason jars with varying amount of coins inside each

The SmartSpending Illustrator helps retirees decide how much to withdraw each year, based on the provided sample spend down amount, so they can do what they enjoy with less worry about running out of money.

Explore the participant experience

INSIGHTS INTO REAL-LIFE RETIREE SPENDING BEHAVIOR

We analyzed the spending patterns of more than 5 million households and uncovered three surprising patterns:
line-dollar-chart_circle-icon_eggplant_80x80px

SPENDING CURVE1

bar-dollar_circle-icon_eggplant_80x80px

SPENDING SURGE2

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SPENDING VOLATILITY2

Read our research for insights into real-world retirement spending behaviors.

1 Source: Total spending and all category sub-totals except checks, cash and health care costs: Chase data including aggregated and de-identified Chase credit card (excluding some co-branded cards), debit card, electronic payment, ATM withdrawal and check transactions from January 1 – December 31, 2016; J.P. Morgan analysis.

2 Source: Aggregated and de-identified Chase credit card, debit card, electronic payment, ATM withdrawal and check transactions from October 2012 – December 2016. Outliers in each asset group were excluded (0.1% of top spenders in each spending category). Information that would have allowed identification of specific customers was removed prior to each analysis.

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