Preparing for Retirement

If you’re planning to retire in the next year—congratulations! Retirement is a major life milestone; as you prepare for this new life phase, we celebrate your service to Synopsys and your entire working career.

Here is a timeline to help you organize your plans for the year ahead:

12 Months Before

  • Log into the NetBenefits® website or call Fidelity at (800) 835-5095 to review your investments.
  • You may also want to contact your local Social Security office for a benefits estimate. Locate an office near you, or call (800) 772-1213.

6 Months Before

  • Contact your financial advisor to talk through your options for what’s next.
  • Call Health Advocate at (866) 695-8622 to talk to a Medicare Specialist about your Medicare options and enrollment timing.
  • Review this video to understand the ins and outs of Medicare in retirement.
  • Create a realistic budget for your retirement expenses based on your anticipated income.

3 Months Before

2 Months Before

  • If you haven’t already done so, talk to your manager about your retirement plans. Be sure to schedule time to review your transition planning, too.
  • Contact your HR representative once you and your manager have agreed on your last day at Synopsys.

1 Month Before

  • Confirm your departure date with your manager.
  • Start packing! If you need boxes, submit a request with Facilities.

Lastly, read up! There are plenty of articles online to help you with your final retirement prep. Here are just a few: