Retirement Calculator

ℹ️ When do you plan on retiring? e.g. 07-01-2025
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ℹ️ Estimate the annual inflation rate that expenses will increase. (ex. 3.2 = 3.2%)
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ℹ️ Birthday is used to know when to apply SS payments and eligibility for IRA withdrawals (59 1/2)
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ℹ️ Some unique name to show in list. e.g. Car Payment
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ℹ️ Frequency of the payment for the expense
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ℹ️ How much is expense
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ℹ️ Expense completed date -- Home mortgage only has 30 months left, so ends on 1/1/2032
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ℹ️ Is this amount affected by inflation
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ℹ️ Current monthly expense total
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ℹ️ Some unique name to show in result data. e.g. Old 401K
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ℹ️ Different account types have different rules for taxes and withdrawals
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ℹ️ How much is account at the time of planned retirement? (e.g. 121000 = $121,000)
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ℹ️ Savings and CD accounts yearly interest rate. The interest will be applied monthly in the table.
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ℹ️ On the first pass, what % of need expenses should be pulled from this account?
On 2nd pass, the first account with a balance will be used for any remaining withdrawal amount
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ℹ️ The accounts order listed will be the order the monthly expenses will attempted to be withdrawn. Select the account you wish to move up or down
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ℹ️ Unique id for this income to be lised in results table.
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ℹ️ How much does this income generate per month. Will be used to reduce monthly expense as well as to determine taxes.
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ℹ️ Income type used during determining federal taxes. If it is a W-2 job taxes already taken out. Passive income has no taxes. Self Employment requires extra taxes for Social Security.
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ℹ️ Are you going to earn this income forever? If it is a side job, you may end it at some point. e.g. 12-01-2035
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ℹ️ Each month you delay in taking out SS, your payments will increase.
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ℹ️ Calculated SS payment based on when you begin to receive benefits.
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ℹ️ Best to sign up for Medicare at 65 or you have HUGE penalty if you even need it later.
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Social Security Payouts
ℹ️ Your estimated SS info can be found at https://www.ssa.gov.
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ℹ️ Your estimated SS info can be found at https://www.ssa.gov.
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ℹ️ Your estimated SS info can be found at https://www.ssa.gov.
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Disclaimer

I cannot predict the future. Tax rates will change. Inflation will go up and down. Stocks will skyrocket and plummet. Unexpected expenses will occur.
This is just a tool I made to help me determine how my retirement planning is going that I thought I would share.

If you use this tool you understand and agree that there are NO promises nor guarantees that any info shown will be accurate.

About

Questions / Comments
You can reach me via e-mail at:

retirecalc@eprohts.com

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