Retirement Income Calc vs When Can I Retire Usage & Stats
Are you planning for your retirement and want to know how much you need to save, earn, and spend? Do you want to optimize your financial goals and achieve financial freedom? If yes, then this app is for you!
This app is a powerful retirement calculator that can help you with various aspects of your retirement planning. With this app, you can:
* Calculate your income based on your retirement savings, growth rate, and life expectancy. You can also factor in inflation and the desired estate balance of your savings. Your income is increased with inflation to maintain your purchasing power and lifestyle during retirement.
* Calculate your estate based on your savings, life expectancy, and growth rate. You can also include inflation and annual income during retirement.
* Calculate your savings based on your initial amount and yearly contribution. You can also adjust the inflation rate and the growth rate of your savings.
* Calculate the interest rate required to grow your savings for retirement. You can also specify the target amount and the time horizon of your savings.
* View year-by-year withdrawal and savings balance numbers in table format or line chart.
This app is easy to use and has a user-friendly interface. You can enter your inputs, view your results, and compare different scenarios with tables and charts.
This app is a must-have for anyone who wants to plan for their retirement and achieve their financial goals. Download this app today and start your retirement journey!
- Apple App Store
- Free
- Finance
Store Rank
- -
You may have retirement savings in a 401(k), 403(b), or 457(b) plan. You may also have an IRA or cash and investments. Find out when you will be able to retire based on your financial circumstances.
**App Highlights**
*The "When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.
*The unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan, 403(b) plan, or an IRA before you turn 59 ½ without incurring a possible 10% penalty. However, you can withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.
*The app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k), 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app considers the combined total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan.
*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.
*This app saves your inputs and retains them across the launches upon successful retirement age calculation.
*You can share the app via Text Message, WhatsApp, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
- Apple App Store
- Free
- Finance
Store Rank
- -
Retirement Income Calc VS. 
When Can I RetireJanuary 5, 2025