Retirement Income Planner — Retirement Calculators

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Household

Filing status

Your age

Plan through age

Spouse's age

Spouse dies at (0 = no)

Your sex

Your health

Spouse's sex

Spouse's health

Accounts today

Pre-tax IRA and 401(k)

Roth

Taxable brokerage

Cost basis

Dividend yield

Income and spending

After-tax spending a year

Your Social Security a year

Starting at age

Spouse's Social Security

Starting at spouse's age

Pension a year

Starting at age

Wages a year

Until age

Markets

Average return

Volatility

Inflation

Markets to run

A 5% average with 12% volatility compounds at about 4.3% a year, which is the steady return the year-by-year table uses. A 60/40 portfolio has run near 10% volatility, all stocks near 17%.

Spending rule and withdrawals

Spending rule

Draw accounts in this order

Change withdrawal order by age

Use the order above until the first change. Each change lasts until the next one. Ages follow your original timeline, including after a death.

Roth conversions

Health insurance before 65

Buy coverage on the Marketplace

Taxes

State income tax

Flat state rate

Local income tax

Heirs' tax rate on inherited pre-tax money

Medicare IRMAA surcharges

Markets where the money lasts to 95

…

Running the markets

Chance of running out while someone is alive

…

Weighs each failure by the odds of living that long

Median estate, today's dollars

…

After heirs' tax on pre-tax money

Spending a steady 4.3% market carries

$103,610

A year, against the $95,000 you plan

Historical replay

Replay the S&P 500 total return from 1990–2025, including dividends, against this household. This is a 100% US stock stress test. Inflation stays at your 2.5% assumption; taxes and benefits follow your current plan, not historical law. The taxable dividend yield stays at your input.

Source: S&P 500 Total Return (SPXTR), curated market-data extract through 2026-05-22. Calendar-year closing levels; only complete years are included.

Sampled lifetimes

Draw a lifetime for each person alongside each market. Spending must be met through the last survivor's death, even beyond your chosen plan age. This separate check uses your sex and health assumptions.

Spending after first death

Your pension paid to survivor

Long-term-care costs

Sampled lifetime assumptions

Published SSA 2021 period death rates are scaled for health. Lifetimes are independent of each other and markets; this is a scenario model, not a personal life expectancy forecast. The table ends at 120. Each death is modeled at year end; spending includes that full year.

Care is a user-defined stress test. Each person independently draws at most one episode, with an equally likely start age and whole-year duration within your ranges. Episodes starting after death cost nothing; care ends at death. Costs add to ordinary spending, grow at inflation plus your real growth assumption, and are never cut by guardrails. No care-related tax deduction, Medicaid eligibility or insurance reimbursement is calculated. The comparison uses identical lives and markets without care costs.

Sampled deaths replace the fixed spouse death age. Joint filing lasts through the first death year, then the survivor files single. All accounts pass to the survivor, whose age sets RMDs and withdrawal penalties. Household wages stop at your death. Your pension continues only at the percentage above, and only if it had already started. The survivor keeps the larger claimed Social Security benefit from age 60, using the planner's simplified rule; early widow reductions, benefits on an unclaimed record, estate costs and basis step-ups are not modeled. Health premiums cover living members only.

Portfolio across the markets, today's dollars

All three accounts at each year end. Half of the markets land in the dark band and 8 of 10 in the light one.

Will the money outlast you?

Longevity from the SSA period life table, adjusted for health. Failures late in the plan matter less when few households are still around to feel them.

What could you spend?

Markets that must succeed

Bisects on spending to the nearest $250, judging every guess against the same 400 markets.

At a steady 4.3% a year

Estate after heirs' tax, today's dollars$404,157

Lifetime income tax, today's dollars$272,503

Medicare surcharges, today's dollars$0

Withdrawal rate in the first year5.4%

Highest bracket reached12%

Year by year at a steady 4.3%

Year	Age	Spending	Withdrawal order	Social Security	RMD	From taxable	From pre-tax	From Roth	Conversion	Tax	IRMAA	Portfolio	Unfunded
2026	62	$95,000	Taxable, then pre-tax, then Roth	$0	$0	$91,122	$0	$0	$0	$2,122	$0	$1,725,923	–
2027	63	$97,375	Taxable, then pre-tax, then Roth	$0	$0	$94,824	$0	$0	$0	$2,213	$0	$1,698,237	–
2028	64	$99,809	Taxable, then pre-tax, then Roth	$0	$0	$98,679	$0	$0	$0	$2,306	$0	$1,666,718	–
2029	65	$102,305	Taxable, then pre-tax, then Roth	$0	$0	$102,695	$0	$0	$0	$2,401	$0	$1,631,133	–
2030	66	$104,862	Taxable, then pre-tax, then Roth	$0	$0	$32,239	$81,782	$0	$0	$9,643	$0	$1,582,665	–
2031	67	$107,484	Taxable, then pre-tax, then Roth	$40,731	$0	$0	$78,948	$0	$0	$12,195	$0	$1,568,692	–
2032	68	$110,171	Taxable, then pre-tax, then Roth	$41,749	$0	$0	$80,921	$0	$0	$12,500	$0	$1,552,056	–
2033	69	$112,925	Taxable, then pre-tax, then Roth	$66,566	$0	$0	$55,401	$0	$0	$9,043	$0	$1,561,324	–
2034	70	$115,748	Taxable, then pre-tax, then Roth	$68,231	$0	$0	$56,916	$0	$0	$9,398	$0	$1,569,412	–
2035	71	$118,642	Taxable, then pre-tax, then Roth	$69,936	$0	$0	$58,468	$0	$0	$9,763	$0	$1,576,231	–
2036	72	$121,608	Taxable, then pre-tax, then Roth	$71,685	$0	$0	$60,059	$0	$0	$10,136	$0	$1,581,684	–
2037	73	$124,648	Taxable, then pre-tax, then Roth	$73,477	$0	$0	$61,690	$0	$0	$10,519	$0	$1,585,672	–
2038	74	$127,764	Taxable, then pre-tax, then Roth	$75,314	$0	$0	$63,362	$0	$0	$10,911	$0	$1,588,088	–
2039	75	$130,959	Taxable, then pre-tax, then Roth	$77,197	$53,989	$0	$11,087	$0	$0	$11,313	$0	$1,588,821	–
2040	76	$134,233	Taxable, then pre-tax, then Roth	$79,127	$55,596	$0	$11,236	$0	$0	$11,726	$0	$1,587,754	–
2041	77	$137,588	Taxable, then pre-tax, then Roth	$81,105	$56,980	$0	$11,652	$0	$0	$12,148	$0	$1,584,763	–
2042	78	$141,028	Taxable, then pre-tax, then Roth	$83,132	$58,619	$0	$11,858	$0	$0	$12,581	$0	$1,579,717	–
2043	79	$144,554	Taxable, then pre-tax, then Roth	$85,211	$60,276	$0	$12,092	$0	$0	$13,025	$0	$1,572,480	–
2044	80	$148,168	Taxable, then pre-tax, then Roth	$87,341	$61,945	$0	$12,362	$0	$0	$13,480	$0	$1,562,909	–
2045	81	$151,872	Taxable, then pre-tax, then Roth	$89,524	$63,290	$0	$13,004	$0	$0	$13,946	$0	$1,550,850	–
2046	82	$155,669	Taxable, then pre-tax, then Roth	$91,763	$64,935	$0	$13,396	$0	$0	$14,425	$0	$1,536,146	–
2047	83	$159,560	Taxable, then pre-tax, then Roth	$94,057	$66,185	$0	$14,233	$0	$0	$14,915	$0	$1,518,629	–
2048	84	$163,549	Taxable, then pre-tax, then Roth	$96,408	$67,751	$0	$14,808	$0	$0	$15,417	$0	$1,498,123	–
2049	85	$167,638	Taxable, then pre-tax, then Roth	$98,818	$68,829	$0	$15,922	$0	$0	$15,932	$0	$1,474,442	–
2050	86	$171,829	Taxable, then pre-tax, then Roth	$101,289	$69,766	$0	$17,234	$0	$0	$16,459	$0	$1,447,393	–
2051	87	$176,125	Taxable, then pre-tax, then Roth	$103,821	$70,521	$0	$18,728	$0	$0	$16,945	$0	$1,416,829	–
2052	88	$180,528	Taxable, then pre-tax, then Roth	$106,416	$70,531	$0	$20,949	$0	$0	$17,368	$0	$1,382,617	–
2053	89	$185,041	Taxable, then pre-tax, then Roth	$109,077	$70,744	$0	$23,023	$0	$0	$17,802	$0	$1,344,540	–
2054	90	$189,667	Taxable, then pre-tax, then Roth	$111,804	$70,017	$0	$26,094	$0	$0	$18,247	$0	$1,302,373	–
2055	91	$194,409	Taxable, then pre-tax, then Roth	$114,599	$68,770	$0	$29,744	$0	$0	$18,704	$0	$1,255,878	–
2056	92	$199,269	Taxable, then pre-tax, then Roth	$117,464	$66,875	$0	$34,101	$0	$0	$19,171	$0	$1,204,804	–
2057	93	$204,251	Taxable, then pre-tax, then Roth	$120,400	$64,171	$0	$39,330	$0	$0	$19,651	$0	$1,148,889	–
2058	94	$209,357	Taxable, then pre-tax, then Roth	$123,410	$59,806	$0	$46,283	$0	$0	$20,142	$0	$1,087,860	–
2059	95	$214,591	Taxable, then pre-tax, then Roth	$126,496	$54,161	$0	$54,580	$0	$0	$20,645	$0	$1,021,426	–

How it works›

The markets. Each market is a sequence of yearly returns drawn from a lognormal distribution with your average and volatility. One draw a year moves every account together. The draws are seeded, so the same inputs give the same answer until you ask for new markets. Inflation, Social Security and pensions follow the plan in every market.

Each year. The same loop as the Roth Conversion Planner: the RMD on the January balance, any conversion, then spending, drawn in the order you chose. Taxes and withdrawals are solved together to the cent. A market counts as a success only if spending was fully met every year.

Taxes. 2026 federal brackets and deductions, the senior deduction through 2028, Social Security taxed per IRS Pub. 915, capital gains stacked at 0%, 15% and 20%, the 3.8% net investment income tax, and IRMAA on a two-year lookback. A sale below basis realizes a loss, which offsets gains and up to $3,000 of other income a year and carries forward.

Steady return. Volatility drags on compounding: a 6% average with 12% volatility grows a dollar like a steady 5.3%. The year-by-year table and the spending a steady market carries use that rate, so the table tracks the middle of the fan, not its top half.

Guardrails. Each January the household compares its withdrawal rate, spending not covered by income over the portfolio, with the rate its plan expected for that year at the steady return. If the plan itself would run dry, the comparison is to the most a steady market could carry. More than the band above, spending is cut; more than the band below, it is raised. Moves persist and stop at the limits you set.

Longevity. The plan runs to the age you set in every market. The chance of running out while someone is alive weighs each failure by the SSA 2021 period life table's odds, scaled for health, that you or your spouse is living at that age, treating markets and lifespans as independent.

Reference sources. These sources support the component rules. Model choices and exclusions are described in the notes above.SSA: period life table IRS: retirement distributions