Why do we need information from you? We will use your age, location, and simple tax assumptions to calculate the investment vehicles that you can use as part of your comprehensive financial plan. The goal of this calculator is to make order out of chaos:
Why do we need information from you? We will use your age, location, and simple tax assumptions to calculate the investment vehicles that you can use as part of your comprehensive financial plan. The goal of this calculator is to make order out of chaos:
The Saving Menu
What is The Saving Menu? It is an online calculator that will help you learn about, and compare, the various financial savings vehicles that are available to you! Whether it's an employer retirement savings plan or paying down debt or a college savings plan, this calculator shares details to assist your financial planning decisions.
Why are we asking the questions on this form? We will use your age, tax jurisdiction, and assumptions on spending and income to calculate personalized details of each account, ranging from your eligibility to contribute, to the taxes you'll pay, to the investment time horizon.
Please fill out all fields and hit "Show me the results" at the bottom!
Enter details about yourself to help us analyze the investment vehicles available for you and your money.
Basic Info
What is the zip code of your primary residence? *
What is your current age? *
What is your expected household income for 2019? *
What is your tax filing status? *
Goals
How many years before you expect to retire? *
What is your investment risk tolerance? *
How much do you expect to spend per month in retirement? *
Need help? Look at your monthly credit card bill, adjust for large/cash expenses, and think on how your spending might differ in retirement. Otherwise, the default number shown here may be an okay barometer!
Marginal Income Tax Rate Today: 40%
Marginal Income Tax Rate in Retirement: 35%
We estimate this is the percentage that you would pay to the government on the last $1 of income that you earn before any retirement account contributions. See chart to the right for the breakdown of the way your tax dollars are distributed (adjusted for only the standard deduction)
This is a rough estimate of the tax rate on your last $1 of income in retirement. Many people have much lower rates in retirement because your income (Social Security, pre-tax retirement account draws, etc.) is used to cover your spending and not to build wealth. This lower tax rate is a key reason to maximize your tax-advantaged space while working.
(sorted by Personalized Rating)
**Return estimates are hypothetical. Where applicable, assumes fully invested in S&P 500 (target: 7% return)
Account Name
Learn More
Description
Personalized Rating
*Preferred provider shown, but represents one of many options. Links are not affiliate links.
Key Assumptions
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All investment vehicles that are not constrained to fixed income returns are forecasted to earn 7% annual nominal returns (i.e. in-line with historical S&P 500 return)
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Accounts are ranked based on formula that considers account liquidity, potential risk-adjusted returns, and opportunity cost.
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All those who select "Married" tax filing statuses, both members of the couple are presumed to be employed with access to employer retirement accounts