![]() ![]() Notice after the calculation, your retirement age will be known. If you want your retirement income from investments to last 20 years (21 withdrawals), you, therefore, enter 86 for "your life expectancy." Or if you want it to last 25 years, you enter 91 and 0 (zero) for "Your age at retirement." When you enter your life expectancy, the calculator calculates the number of years you want your savings to last from the default date. So how do we know this?īehind the scenes, the calculator has a default retirement age. But this calculator does not ask you that question. To make this calculation, we have to know how long you want your retirement income to last. If you want to know at what age you can retire given your expected savings plan and income desired, this calculator will tell you as noted above. The result is the age at which the depletion of your retirement savings occurs.Ĭlick on the calculator's "Help" button for more details about each input.Set "Desired retirement income" to the total income you want including other income.After calculating, see "Savings at retirement" in the chart.If calculated age equals your current age, then you have enough to retire now.Hover mouse over gold contribution line in the chart to see annual retirement contribution.Set "Percent of income invested" to "0.0%".Below are questions that can be answered based on your assumptions using the values you provide. As with other financial calculators on this site, this retirement planning calculator can solve for multiple unknowns. Retirement planning involves many variables. You may leave any or all of them set to "0":Įxamples Creating Your Retirement Schedule & Chart Enter "0" (zero) for one of the four and a value for each of the other three: The calculator will calculate any one of four unknowns. ROI for retirement savings - return-on-investment.The calculator has 13 inputs, 4 of them are required: It considers historical and future inflation. All rights reserved.Related: Use this Inflation Calculator to help you determine an appropriate "Annual Inflation Rate" for you. ![]() TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. TD Ameritrade, Inc., member FINRA/ SIPC, a subsidiary of The Charles Schwab Corporation. ![]() This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Be sure to consult with your tax advisor. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. **Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. #Retirement calculator codetax code and for rollover eligibility rules. Please consult a legal or tax advisor for the most recent changes to the U.S. All Promotional items and cash received during the calendar year will be included on your consolidated Form 1099. Taxes related to TD Ameritrade offers are your responsibility. #Retirement calculator professionalWe suggest you consult with a tax-planning professional with regard to your personal circumstances. TD Ameritrade does not provide tax advice. This content is for self-directed use only.
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