Retirement Calculator Overview
The Retirement Calculator is a first-of-its-kind software tool that provides a detailed mechanism for determining the optimal age for Retirement, and also for evaluating how long your retirement funds will last. The vast majority of Americans today no longer have defined pension plans at their place of employment, as most of these types of plans have been surplanted by 401K, 403B, 457, IRA, and SEP plans. As such, it has become increasingly difficult for people to gauge how much money they will need for retirement, and to determine how long these types of contributory account plans will last. This is where the Retirement Calculator comes into play. The Retirement Calculator is a comprehensive software platform that looks at many factors in determining an optimal retirement age.
Retirement Calculator Detailed Product Features
 Updated for the 2024 tax year |
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| Determines Assets remaining on a year-by-year basis, both pre- and post-retirement |
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| Calculates Social Security Benefits from age 62 to Age 70 (& beyond) |
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| Determines cumulative Social Security benefits, on year-by-year basis, based on benefit age |
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| Determines break-even point for taking Social Security at different ages |
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| Accounts for Social Security Spousal Benefit calculations |
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| Allows for Social Security to be Deferred beyond Retirement Age |
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| Provides tools for calculating current monthly expenses and projected expenses |
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| Provides tool for coalescing all current assets |
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| Takes into account current income prior to retirement age |
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| Accounts for current 401K, 403B, & 457/IRA/SEP contributions prior to retirement |
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| Uses traditional defined pension plan amounts |
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| Accounts for post-retirement income and its tax consequences |
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| Handles appropriate taxation of post-retirement withdrawal of taxable retirement plans |
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| Handles Roth IRA's |
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| Allows pensions to be optionally indexed by inflation |
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| Allows Tax Filing Status to be used in calculating Social Security tax liability |
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| Allows a variable annual inflation rate to be applied to monthly expenses & income sources |
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| Allow a variable annual investment return to be applied to Assets Remaining |
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| Allows a variable tax rate to be applied to Social Security & all income and taxable retirement sources |
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| Distinction between Pre-Retirement and Retirement Tax Rates |
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| Handles Single retirement planning or joint retirement planning |
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| Allows for selection of arbitrary retirement ages to determine effects on Assets Remaining |
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| Alerts you as to what year your Assets Remaining will run out |
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| Graphs Assets Remaining year-to-year |
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| Provides retirement summary and detail field breakdowns |
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| Provides contextual application help for all software fields |
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| Provides detailed Users and Installation manual |
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| Provides many assumption and reference details for further information |
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| And much, much more |
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Some Sample Retirement Calculator Screens
