Retirement Calculators
Lifetime Income Calculator
Getting ready to retire? Already retired? Want to stretch your nest egg to get the most income possible? Try our Lifetime Income Calculator to see how you can get guaranteed income for life.
Retirement Income Gap Calculator
Use the Retirement Income Gap Calculator to help you determine if you have sufficient income to cover your projected retirement needs and how long your retirement savings may last.
Retirement Income
Helps estimate how much monthly income retirement savings will provide at a specified retirement age based upon annual savings, expected rate of return, and current age. Also provides a year-by-year break down of retirement savings and distributions.
Retirement Planner
Helps determine retirement income needs based upon current assets, household income, annual savings rate, current age, projected retirement date, and other key factors. Each year’s retirement savings balance and withdrawals are illustrated until the end of retirement. Social Security can be included.
Retirement Shortfall
Helps determine how long retirement savings will last based on current assumptions. If the calculator projects a shortfall, other options, such as increased savings o a later retirement date, may be considered.
Roth IRA or Traditional IRA
The two basic types of Individual Retirement Accounts (IRA) are the Roth IRA and the traditional IRA. Helps determine which IRA is best for certain client profiles.
Traditional IRA Calculator
For those who qualify, contributing to a traditional IRA can create a current tax deduction and provide tax-deferred growth. Illustrates the value of investing in a traditional IRA.
Social Security Benefits
estimates Social Security benefits based on a worker’s age, income, projected retirement date, and other factors.
72(t) Calculator: Early withdrawals from retirement accounts
Internal Revenue Code (IRC) 72(t) allows for penalty free withdrawals from retirement accounts prior to age 591/2 if withdrawals are taken as "substantially equal periodic payments" based on life expectancy. Determines an allowable 72(t) distribution amount based on any of three possible calculation methods.
72(t) Distributions: Impact on retirement fund balances
Internal Revenue Code (IRC) 72(t) allows for penalty free withdrawals from retirement accounts prior to age 591/2 if withdrawals are taken as "substantially equal periodic payments" based on life expectancy. Helps illustrate the effects of 72(t) distributions on a retirement plan balance.
Pension Plan Retirement Options
Choosing between pension options can be difficult. This calculator helps illustrate which pension option works best in a given situation. A joint and survivor option that guarantees pension benefits to a surviving spouse means extra security but also lower monthly benefits. A single life pension option that only pays through the retiree's lifetime can provide larger monthly payments, but requires an additional lump sum (such as a life insurance death benefit) to protect the surviving spouse.
Beneficiary Required Minimum Distribution
When a retirement plan participant dies, the beneficiary may simply take the money as a lump sump and pay taxes. But a beneficiary who wants to defer taxes as long as possible must follow certain distribution requirements. Helps determine the Required Minimum Distributions (RMD) for a retirement account beneficiary.
Required Minimum Distribution
The Internal Revenue Code requires the owner of qualified retirement accounts to begin taking minimum withdrawals, known as Required Minimum Distributions (RMS), starting the year the owners turns age 70 1/2. Helps determine the Required Minimum Distributions.
