Welcome to the Optimal Retirement Income Planner by ETFMathGuy.com!

Please enter information about yourself. + Expand/Shrink

60616263646566676869707172737475767778798081828384858687888990919293949596979899	Your Age at Start of Retirement	Please enter your age on January 1st of your first year of retirement.
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember	Your Birth Month	Please enter your birth month. This information is needed to determine Required Minimum Distributions (RMDs) from tax deferred accounts. This information will not be used if you answer 'yes' to the next question.
yesno	Were you born after June 30, 1949?	The SECURE Act, signed into law on December 20, 2019, raised the RMD age from 70.5 to 72. The new law only applies to people who turn 70.5 after December 31, 2019. So, if your birthday is after June 30, 1949, your RMD age is 72.
yesno	Do you have a spouse or domestic partner?	Please indicate if you have a spouse or domestic partner. If you do, this calculator assumes you file your taxes as married filing jointly. Otherwise, or if you outlive your spouse (or your spouse outlives you), your filing status will assumed to be single.
AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingWashington D.C.	Your state of Residence	Please select your state of residence, which is used to determine if you reside in a community property state. This input is ignored if you do not have a spouse or domestic partner.

Please enter information about your spouse or domestic partner. If you do not have one, please skip to the next table. + Expand/Shrink

60616263646566676869707172737475767778798081828384858687888990919293949596979899	Your Spouse's Age at Start of Retirement	Please enter your spouse's age on January 1st of your first year of retirement.
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember	Your Spouse's Birth Month	Please enter your spouse's birth month. This information is needed to determine Required Minimum Distributions (RMDs) from tax deferred accounts. This information will not be used if you answer 'yes' to the next question.
yesno	Was your spouse born after June 30, 1949?	The SECURE Act, signed into law on December 20, 2019, raised the RMD age from 70.5 to 72. The new law only applies to people who turn 70.5 after December 31, 2019. So, if your birthday is after June 30, 1949, your RMD age is 72.

Please enter information about your future income needs. If you have a spouse or domestic partner, include their needs here too. This calculator will attempt to meet this income needed over your retirement horizon using all available assets and other income sources. + Expand/Shrink

$	Your Desired Annual After-Tax Retirement Income	Please enter the total amount of after-tax income needed each year in retirement.
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 years	Your Retirement Horizon	Please enter the number of years that you expect to live in retirement. Currently, the average life expectancy in the U.S. is 79 years.

Please enter information about your surviving spouse or domestic partner. If you do not have one, please skip to the next table. + Expand/Shrink

$	Surviving Spouse Desired Annual After-Tax Retirement Income	Please enter your spouse's income needs if he or she outlives you.
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 years	Your Spouse's Retirement Horizon	Please enter the number of years that your spouse expects to live in retirement. If their retirement horizon is less than yours, this value will have no effect on your retirement income plan. Currently, the average life expectancy in the U.S. is 79 years.

Please enter information about your retirement savings accounts. + Expand/Shrink

$	Retiree's Tax-deferred Account (TDA) Balance	Please enter the total amount of all tax-deferred accounts at the start of your retirement. This total should include Individual Retirement Accounts (IRAs), 401(k)s, 403(b)s and 457 plans.
$	Retiree's Tax-exempt Account (TEA) Balance	Please enter the total amount of all tax-exempt accounts at the start of your retirement. This total should include Roth IRAs, Roth 401(k)s and Roth 403(b) plans.
$	Retiree's Taxable Account (TA) Balance	Please enter the total amount of all taxable brokerage accounts owned by you (not your spouse) at the start of your retirement. Enter cost basis in the next two rows.
%	Retiree's Fraction of cost basis for stocks in their Taxable Account (TA)	Please enter the % basis for the stock portion of the taxable brokerage account. For example, if the initial investment was $100,000, and at the start of retirement it's valued at $200,000, then enter 50%.
%	Retiree's Fraction of cost basis for bonds in their Taxable Account (TA)	Please enter the % basis for the bond portion of the taxable brokerage account. For example, if the initial investment was $100,000, and at the start of retirement it's valued at $200,000, then enter 50%.
%	Retiree's Stock Allocation (Bond Allocation=100%-Stock Allocation)	Please enter the percent of stock-based ETFs, such as the iShares Core S&P 500 ETF (ticker: IVV), in each of your accounts. The remaining percent of each account is assumed to be in a bond-based ETF, such as the iShares Core U.S. Aggregate Bond ETF (ticker: AGG). This model manages withdrawals so that this allocation is met each year in each account. If you have a spouse or domestic partner, this allocation is applied to determine their expected future account balances.

Please enter information about your spouse's accounts. If you do not have a spouse, please disregard this information, as these values will have no impact on your retirement income plan. + Expand/Shrink

$	Spouse's Tax-deferred Account (TDA) Balance	Please enter the total amount of all tax-deferred accounts at the start of your spouse's retirement. This total should include Individual Retirement Accounts (IRAs), 401(k)s, 403(b)s and 457 plans.
$	Spouse's Tax-exempt Account (TEA) Balance	Please enter the total amount of all tax-exempt accounts at the start of your spouse's retirement. This total should include Roth IRAs, Roth 401(k)s and Roth 403(b) plans.

Please enter information about your other income sources. + Expand/Shrink

626364656667686970	Age Retiree Starts Taking Social Security	Please enter the age you will begin taking Social Security income.
$	Retiree's Annual Pre-tax Social Security (inflation adjusted)	Please enter pre-tax Social Security income expected annually during retirement. Future values will be adjusted for inflation.
6061626364656667686970717273747576777879808182838485	Age Retiree Starts Taking Pension or Annuity Income	Please enter the age to begin taking pre-tax pension or annuity income.
$	Retiree's Annual Pre-tax Pension or Annuity (not inflation adjusted)	Please enter pre-tax pension or annuity income expected annually during retirement. Future values will not be adjusted for inflation.

Please enter information about your spouse's other income sources. If you do not have a spouse, please disregard this information, as these values will have no impact on your retirement income plan. + Expand/Shrink

626364656667686970	Age Spouse Starts Taking Social Security	Please enter the age your spouse will begin taking Social Security income.
$	Spouse's Annual Pre-tax Social Security (inflation adjusted)	Please enter pre-tax Social Security expected annually during retirement by your spouse. Future values will be adjusted for inflation.
6061626364656667686970717273747576777879808182838485	Age Spouse Starts Taking Pension or Annuity Income	Please enter the age you spouse will begin taking pre-tax pension or annuity income.
$	Spouse's Annual Pre-tax Pension or Annuity (not inflation adjusted)	Please enter pre-tax pension or annuity income expected by your spouse annually during retirement. Future values will not be adjusted for inflation.

Please select other tax-related information. + Expand/Shrink

2018201920202021	First year in retirement	Please enter the tax year for tax brackets, rates and the standard deduction. This year will correspond to the 1st year of retirement.
%	Heir's Tax Rate	Please enter the expected tax rate of your heir. This rate is needed to estimate the value of their inheritance.
NoYes	Inherited IRA withdrawals stretched over 10 years?	The SECURE Act permits an heir to stretch their IRA withdrawals over 10 years, increasing their value.
%	Percent Increase of tax rates after TCJA expiration	The TCJA (Tax Cuts and Jobs Act) is set to expire in 2026. The percent chosen here will increase or decrease future income and capital gains tax rates. Income brackets continue to grow at the rate of inflation.
2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046	Select the year the TCJA expires	The TCJA (Tax Cuts and Jobs Act) is set to expire in 2026. However, you may change the date here to a later date, if you wish.

Please review and modify future rates based on their long-term historical norms, if needed. + Expand/Shrink

%	Annual Inflation Rate	Please enter the expected rate of inflation. The default value of 2.5% is a good value to choose based on historical averrages.
%	Annual Rate of Return for Stocks	Please enter the nominal return of your stock-based investments. Nominal returns include the effect of inflation. The model uses this value to forecast future balances of your retirement accounts. The default value of 10% is based on the historical average return of the iShares Core S&P 500 ETF (ticker: IVV), including dividends.
%	Annual Rate of Return for Bonds	Please enter the nominal return of your bond-based investments. Nominal returns include the effect of inflation. The model uses this value to forecast future balances of your retirement accounts. The default value of 5% is based on historical averages of the iShares Core U.S. Aggregate Bond ETF, including dividends.
%	Stock Annual Qualified Dividend Rate	Please enter the expected dividend rate of your stock-based investments. The default value of is based on historical averages of the iShares Core S&P 500 ETF. This rate is needed to estimate the amount of annual qualified dividends that are taxed at the preferred capital-gains rate.
%	Bond Annual Non-qualified Coupon Rate	Please enter the expected dividend rate of your bond-based investments. The default value of is based on historical averages of the iShares Core Aggregate Bond ETF. This rate is needed to estimate the amount of annual non-qualified dividends that are taxed as ordinary income.