It's called the ultimate retirement calculator because it does everything the others do and a whole lot more. It reflects modern retirement planning where people supplement savings with consulting, part-time income, business income, or real estate income. In fact, you can supplement your retirement savings with up to 3 additional income streams plus a one-time lump sum benefit such as selling a home. This allows for sophisticated scenario analysis other retirement calculators can't do.
How much can I afford to withdraw each month given the retirement savings I have accumulated – both before and after inflation?
How long will it take me to reach my retirement savings goal given my current savings balance and my monthly deposits? Solves for time…
How much investment should I make each month to reach my desired retirement savings goal given my current savings balance and expected retirement date? Solves for amount to invest…
So you wanna be a millionaire? This fun calculator will tell you when it will happen and what a million dollars will be worth by then after adjusting for inflation.
If you have problems saving for retirement then this calculator will show you an easy way…
If I deposit a certain amount in my 401k each month what will it grow to by any future point in time?
What is the financial cost of taking a distribution from my 401(k) or IRA versus rolling it over into another tax deferred account?
How will my future value and investment return differ between taxable and tax deferred investing?
Compares simple monthly interest income to long term compound growth for surprising results…
What is the after tax impact of switching from a traditional IRA to a Roth IRA?
What is the present value of a series of equal cash flows to be received in the future?
Maximizing retirement income requires navigating complex decisions about Social Security, 401(k), and IRA withdrawals. Plus, your investment strategy will likely need to change as you approach and enter retirement.
If you have any doubt in your knowledge of financial management and investing, this is the time to consider working with a professional financial advisor.
Finding a financial advisor can be intimidating, but this tool makes it easy to get matched with highly-vetted local fiduciary advisors.