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

ETFMathGuy.com

With this application, you will be able to answer fundamental questions about your retirement.

Here is a short list of calculator features. + Expand/Shrink

Plan Inputs

Please enter current or estimated values for your retirement plan.

Please enter information about yourself. + Expand/Shrink

Please enter your age on January 1st of your first year of retirement.
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.
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 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.
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

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

$
Please enter the total amount of after-tax income needed each year in retirement.
years
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

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

$
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.
$
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.
$
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.
%
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%.
%
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%.
%
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

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

Please enter the age you will begin taking Social Security income.
$
Please enter pre-tax Social Security income expected annually during retirement. Future values will be adjusted for inflation.
Please enter the age to begin taking pre-tax pension or annuity income.
$
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

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

Please enter the tax year for tax brackets, rates and the standard deduction. This year will correspond to the 1st year of retirement.
%
Please enter the expected tax rate of your heir. This rate is needed to estimate the value of their inheritance.
The SECURE Act permits an heir to stretch their IRA withdrawals over 10 years, increasing their value.
%
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.
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

%
Please enter the expected rate of inflation. The default value of 2.5% is a good value to choose based on historical averrages.
%
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.
%
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.
%
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.
%
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.

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