Retirement calculator

Individual 401(k) savings

401(k)s with profit sharing

401(k) savings calculator

A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions.

403(b) savings calculator

403(b) plans are only available for employees of certain non-profit tax-exempt organizations: 501c(3) Corps, including colleges, universities, schools, hospitals, etc. If you are an employee of one of these organizations, a 403(b) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 403(b) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 403(b) account which can range from 0% to 100% of your contributions.

457 savings calculator

A 457 can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 457 are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 457 account which can range from 0% to 100% of your contributions.

72(t) early withdrawals

The Internal Revenue Code sections 72(t) and 72(q) allow for penalty free early withdrawals from retirement accounts. These sections allow you to begin receiving money from your retirement accounts before you turn age 59 1/2 without the normal 10% premature distribution penalty. Use this calculator to determine your allowable 72(t)/(q) Distribution and how it can help fund your early retirement. The IRS rules regarding 72(t)/(q) Distributions are complex. 1st American Business & Tax Services, LLC would be happy to help when making decisions about your personal finances.

Figure 72(t) distributions

The IRS limits how much can be withdrawn by assuming any future earnings will be at most 120% of the Federal Mid-Term. This conservative approach can help assure that you will not prematurely deplete your retirement account. However, if you have a higher rate of return your account can actually grow, even with your distributions. On the other hand, if you suffer losses your account balance may end up shrinking faster than you might expect. This calculator is designed to examine the affects of 72(t)/(q) distributions on your retirement plan balance.

Beneficiary RMDs

When you are the beneficiary of a retirement plan, specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.

IRA required distribution

IRA minimum withdrawals

The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your retirement accounts annually; starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your Required Minimum Distributions.

Gauge retirement income

Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income.

Retirement planner

Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your social security benefits up to, but not over, the maximum.

Calculate contributions

An employer sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages. First, all contributions and earnings are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions. Use this calculator to see how increasing your contributions to a 401(k), 403(b) or 457 plan can affect your paycheck as well as your retirement savings. This calculator has been updated to use the new withholding schedules for 2008.

Figure retirement shortfall

One of the biggest risks to a comfortable retirement is running out of money too soon. This calculator helps you determine your projected shortfall or surplus at retirement. You can also see just how long your current retirement savings will last. If your results project a shortfall, you might need to save more, earn a better rate of return, or possibly delay your retirement.

Asset allocation

The Asset Allocation Calculator is designed to help create a balanced portfolio of investments. Age, ability to tolerate risk, and several other factors are used to calculate a desirable mix of stocks, bonds and cash. The asset allocation calculator is a great place to start the analysis in building a balanced portfolio.

Life expectancy

How much money needed for retirement depends a great deal on how long you expect to live. This life expectancy calculator can give an idea of the life expectancy based on current age, smoking habits, gender and several other important lifestyle choices.

Stock retirement plan

If you own company stock in a retirement plan, it is possible to take advantage of using the long term capital gains tax rate rather than ordinary income tax rate on this investment. Normally, all earnings withdrawn from a retirement plan are taxed as ordinary income, at ordinary income tax rates. However, if the employer's company stock from your retirement plan is rolled over to a taxable investment account, you may be able to take advantage of a special set of rules that allow for payment of only capital gains taxes on a significant portion of the distribution. Use this stock retirement plan calculator to see how such a transfer might benefit a retirement nest egg.

Tax equivalent yield

This tax equivalent yield calculator will estimate the tax-equivalent yield, or TEY, for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in the state of residence, you can also avoid state income taxes. Use this tax equivalent yield calculator to determine the yield required by a fully taxable bond to earn the same after tax income as a municipal bond.

Mutual fund fees

This mutual fund fees calculator can help analyze the costs associated with buying shares in a mutual fund. By entering a few pieces of information, found in the fund's prospectus, view the impact of fees and operating expenses on the investment.

How much to retire?

Calculate what rates are necessary to achieve a desired future value amount given a present value amount and the time period over which to compound your investment.

Reach retirement goals

How do you reach your retirement goal?

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Last modified: 03/10/09