401(k) Input Parameters

Adjust your retirement planning inputs

Contribution Summary
$0
Total Contributions
$0
Employer Match

401(k) Projection Results

Based on your input parameters

0
Years to Retirement
$0
Projected Value
$0
Monthly Income
$0
Investment Growth
Risk Profile
Moderate

401(k) Planning Insights

Maximize Employer Match
Contribute at least enough to get your full employer match - it's essentially free money that can significantly boost your retirement savings.
Contribution Limits
For 2023, the 401(k) contribution limit is $22,500, with an additional $7,500 catch-up contribution for those 50 and older.
Traditional vs Roth
Traditional 401(k) offers tax deductions now, while Roth 401(k) provides tax-free withdrawals in retirement. Consider your current vs expected future tax bracket.

IRA Input Parameters

Adjust your IRA planning inputs

Contribution Summary
$0
Total Contributions
$0
Tax Savings

IRA Projection Results

Based on your input parameters

0
Years to Retirement
$0
Projected Value
$0
Monthly Income
$0
Investment Growth
Risk Profile
Moderate

IRA Planning Insights

Contribution Deadlines
You can contribute to an IRA for a given tax year until the tax filing deadline (typically April 15 of the following year), giving you extra time to maximize contributions.
Income Limits
Roth IRA contributions have income limits. For 2023, phase-outs begin at $138,000 for single filers and $218,000 for married couples filing jointly.
Backdoor Roth Strategy
If you exceed income limits for direct Roth IRA contributions, consider a backdoor Roth IRA by contributing to a traditional IRA and then converting to Roth.

FIRE Input Parameters

Financial Independence, Retire Early planning

FIRE Progress
Years to FIRE 0
Current Progress 0%
Monthly Savings Needed $0

FIRE Projection Results

Your path to financial independence

0
Years to FIRE
$0
FIRE Number
$0
Projected Value
$0
Monthly Savings
Success Probability
0%
Risk Profile
Aggressive

FIRE Strategy Insights

The 4% Rule
The 4% rule suggests you can safely withdraw 4% of your portfolio annually in retirement. To achieve FIRE, aim for 25x your annual expenses.
Savings Rate Impact
Increasing your savings rate from 20% to 50% can reduce your time to financial independence by more than 15 years due to compound growth.
Side Hustles & Income Streams
Developing multiple income streams can significantly accelerate your FIRE timeline while providing a safety net during market downturns.

Retirement Planning Insights

Expert guidance to optimize your retirement strategy

Compound Growth Strategy

Maximize the power of compounding by starting early and maintaining consistent contributions. Even small increases in your savings rate can dramatically impact your final portfolio value.

8.2%
Avg. Annual Return
25x
Wealth Multiplier

Asset Allocation

Diversify across asset classes based on your risk tolerance and time horizon. Younger investors can typically afford more aggressive allocations.

60/40
Moderate Mix
80/20
Aggressive Mix

Contribution Strategy

Automate your savings and increase contributions annually. Take full advantage of employer matches and tax-advantaged accounts before taxable investing.

15%
Minimum Save Rate
2%
Annual Increase

Risk Management

Maintain an emergency fund, insure against major risks, and gradually reduce portfolio volatility as you approach retirement.

6mo
Emergency Fund
5%
Cash Allocation

Portfolio Rebalancing

Regularly rebalance your portfolio to maintain target allocations and manage risk. Consider tax implications when rebalancing in taxable accounts.

Annual
Rebalance Frequency
5%
Rebalance Threshold

Retirement Timeline

Age 20-30: Foundation Building

Start saving immediately, even small amounts. Establish emergency fund. Focus on career growth and increasing income.

Age 30-45: Acceleration Phase

Maximize retirement contributions. Consider aggressive asset allocation. Pay down high-interest debt.

Key Retirement Metrics

Track these essential metrics to ensure you're on the right path to a secure retirement.

4%
Safe Withdrawal Rate
70-80%
Income Replacement
$315k
Healthcare Costs
20-30x
Expenses Multiple

Tax Optimization Strategies

  • Maximize tax-advantaged accounts (401k, IRA, HSA)
  • Consider Roth conversions in low-income years
  • Implement tax-loss harvesting in taxable accounts
  • Coordinate Social Security claiming strategy
  • Manage Required Minimum Distributions (RMDs)

Common Retirement Planning Mistakes

  • Starting too late and missing compound growth
  • Underestimating healthcare costs in retirement
  • Taking Social Security benefits too early
  • Being too conservative with investments
  • Failing to account for inflation
  • Not having a withdrawal strategy

Retirement Action Checklist

  • Calculate your retirement number
  • Maximize employer retirement match
  • Establish asset allocation strategy
  • Create emergency fund (3-6 months)
  • Review and update beneficiaries
  • Consider long-term care insurance
  • Develop Social Security strategy
  • Create estate planning documents

Social Security Strategy

Optimize your Social Security benefits by understanding the impact of claiming age on your monthly payments.

62
Earliest Age
67
Full Retirement
70
Max Benefit

Delaying benefits from 62 to 70 can increase your monthly payment by up to 77%.

Healthcare Planning

Plan for healthcare costs in retirement, which can be a significant expense for retirees.

$315k
Avg. Couple Cost
65
Medicare Age
  • Understand Medicare parts A, B, C, and D
  • Consider Medigap or Medicare Advantage plans
  • Plan for long-term care needs
  • Utilize Health Savings Accounts (HSAs)