Retirement Projection Tool
Ages
Rates
Portfolio
Roth Conversions
Income
Expenses
Universal
Married
?
Uncheck if you don't have a spouse. Filing status will be Single for the entire projection and all Spouse inputs below (age, Social Security, annuity, other income, pre-Medicare expenses, Widow Age) are ignored.
Retirement Age
?
Age primary user will retire
Projection Years
?
Run the projection for this many years
RMD Start Age
?
Age at which Required Minimum Distributions begin. Default 73; may be 72 or 75 for some.
Widow Age
?
Age at which spouse becomes a widow and filing status switches to Single. Disabled when Married is unchecked.
Primary
Current Age
?
Current Age of primary
Social Security Age
?
Age at which Social Security is claimed
Annuity / Pension Age
?
Age at which annuity/pension payments begin. Set to 0 if no annuity/pension.
Other Income Start Age
?
Age at which other income begins. Ignored if other income is 0.
Other Income Stop Age
?
Last age at which other income is received.
Spouse
Current Age
?
Spouse's current age
Social Security Age
?
Age at which spouse claims social security
Annuity / Pension Age
?
Age at which annuity/pension payments begin. Ignored if annuity income is 0.
Other Income Start Age
?
Age at which other income begins. Ignored if other income is 0.
Other Income Stop Age
?
Last age at which other income is received.
Inflation
Annual Rate
?
Expected annual inflation rate
%
Show in Real Dollars
?
Deflate dollars to show values in today's purchasing power.
Portfolio
Stock Returns
?
Expected annual rate of return for equity investments
%
Bond Returns
?
Expected annual rate of return for fixed income investments
%
Taxable Cost Basis
?
Estimated percentage of the taxable account that is cost basis (not subject to tax); the remainder is treated as long term capital gains
%
Gross-Up Withdrawals for Taxes
?
Pull extra from the portfolio to cover the estimated tax bill.
Edit Tax Tables (Advanced)
Use Advanced Stock Returns
?
When checked, each projection year uses its own stock return percentage from the advanced dialog instead of the single Stock Returns value.
Edit Yearly Stock Returns (Advanced)
Composition
Stock %
?
Percentage of the portfolio allocated to equities
%
Bond %
?
Percentage of the portfolio allocated to fixed income.
%
Balances
Traditional
?
Current balance in pre-tax retirement accounts (401k, IRA, etc.)
$
Roth
?
Current balance in Roth retirement accounts (Roth IRA/401(k), etc).
$
Taxable
?
Current balance in taxable investment accounts
$
Pre-Retirement Contributions
Traditional
?
Monthly contribution to traditional retirement accounts
$
Roth
?
Monthly contribution to Roth retirement accounts
$
Taxable
?
Monthly contribution to taxable investment accounts
$
Start Age
?
Age at which annual Roth conversions begin
End Age
?
Age at which annual Roth conversions end
Amount
?
Annual amount converted from traditional to Roth accounts. Set to 0 for no conversions.
$
Social Security
Primary
?
Expected monthly Social Security retirement benefit at full retirement age
$
Spouse
?
Expected monthly Social Security retirement benefit at full retirement age
$
Annuity / Pension
Primary
?
Monthly annuity/pension income for the primary person. Set to 0 if no annuity/pension.
$
Inflation Adjusted
?
Check if this annuity/pension has a cost-of-living rider, so it grows with inflation like Social Security instead of staying flat.
Spouse Inherits
?
Check if the spouse continues receiving this annuity/pension after the primary person dies. It's added to the spouse's own annuity income for the rest of the projection.
Spouse
?
Monthly annuity/pension income for the secondary person. Set to 0 if no annuity/pension.
$
Inflation Adjusted
?
Check if this annuity/pension has a cost-of-living rider, so it grows with inflation like Social Security instead of staying flat.
Other Income
Primary
?
Monthly part-time/side-hustle income for the primary person between their Other Income start/stop ages. Grows with inflation like Social Security. Set to 0 if not applicable.
$
Self Employment
?
Check if this income is self-employment (no employer to split payroll tax with), so the full ~15.3% self-employment tax applies instead of the standard 7.65% employee share.
Spouse
?
Monthly part-time/side-hustle income for the secondary person between their Other Income start/stop ages. Grows with inflation like Social Security. Set to 0 if not applicable.
$
Self Employment
?
Check if this income is self-employment (no employer to split payroll tax with), so the full ~15.3% self-employment tax applies instead of the standard 7.65% employee share.
Monthly
General
?
Estimated essential monthly living expenses in retirement
$
Primary Pre-Medicare
?
Estimated additional monthly healthcare costs before Medicare eligibility. Will no longer be included when primary is 65.
$
Spouse Pre-Medicare
?
Estimated additional monthly healthcare costs before Medicare eligibility. Will no longer be included when Spouse is 65.
$
Medicare Premiums
?
Base Medicare premiums, applied per person.
$
Annuitized
?
Fixed payment obligations that begin at retirement and stop at a set age (no inflation adjustment; real value declines over time).
Mortgage
?
Monthly mortgage payment ending when the primary reaches the specified age. Enter 0 if the mortgage will be paid off before retirement.
$
End Age
?
Age at which the mortgage is paid off and the payment stops
Primary Auto Loan
?
Monthly auto loan payment ending when the primary reaches the specified age.
$
End Age
?
Age at which the primary auto loan is paid off and the payment stops
Spouse Auto Loan
?
Monthly auto loan payment ending when the spouse reaches the specified age. Ignored when no spouse is selected.
$
End Age
?
Age at which the spouse auto loan is paid off and the payment stops (Primary User's age, not Spouse)
Temporary
?
Time limited expenses, such as increase spending in early retirement, or late retirement medical costs
Expense 1
Start Age
?
Age at which this temporary expense begins
End Age
?
Age at which this temporary expense ends
Monthly
?
Monthly amount for this temporary expense. Set to 0 if not applicable.
$
Actions
+
−
One Time
?
Expenses that occur a single time in a specific projection year, e.g. a large purchase (HVAC, Roof, Car) or vacation.
Expense 1
Age
?
Age of the primary when this one-time expense occurs
Annual
?
Total amount for this one-time expense. Set to 0 if not applicable.
$
Actions
+
−
Calculate
Load Scenario
Save Scenario
Load Defaults
Summary
Expenses
Income
Portfolio
Taxes
Portfolio at Retirement
Traditional
$0
Roth
$0
Taxable
$0
Total
$0
Expense Projection
Year
Age(s)
General
Medical
IRMAA
Temporary
One Time
Annuitized
Total
Income Projection
Year
Age(s)
Annuity / Pension
Social Security
Other Income
Portfolio Withdrawal
Total
Portfolio Withdrawal Projection
Year
Age(s)
RMD
Taxable
Traditional
Roth
Tax Gross-Up
Conversion
Total Withdrawal
Taxable Bal
Trad Bal
Roth Bal
Total Bal
Tax Projection
Year
Age(s)
Status
Ordinary
LTCG
SS
Deduction
Federal
Payroll
NIIT
State
Total
Marginal / Effective
Total / Average
Advanced Stock Returns
×
CAGR:
7.0%
Total Change (%)
?
Total portfolio change over the sequence (e.g., -40 for a 40% drop)
%
Years
?
Number of years over which the total change occurs
Recovery Years
?
Number of years over which to spread the recovery back to the target return. 0 spreads it over the remaining projection.
Generate
Done
Reset
Tax Tables
×
State Tax
State Tax Rate %
?
Flat state income tax rate applied to taxable income
%
State Taxes Social Security Benefits
?
If checked, the same amount of Social Security benefit that's federally taxable is also added to state taxable income
Standard Deduction
Single
$
Married Filing Jointly
$
Additional 65+ (Single)
?
Additional standard deduction for a single filer age 65 or older
$
Additional 65+ (Married, per person)
?
Additional standard deduction, per spouse age 65 or older, for married filing jointly
$
Federal Income Tax Brackets
?
7 fixed brackets; both the rate and the income level at which each begins are editable
Single
Rate
Income Over
%
$
%
$
%
$
%
$
%
$
%
$
%
$
Married Filing Jointly
Rate
Income Over
%
$
%
$
%
$
%
$
%
$
%
$
%
$
Long-Term Capital Gains Brackets
?
The income level at which each capital gains rate begins
Single
Rate
Income Over
0%
$
15%
$
20%
$
Married Filing Jointly
Rate
Income Over
0%
$
15%
$
20%
$
Done