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- The Retirement Planner Vs. When Can I Retire Pro
The Retirement Planner vs When Can I Retire Pro Usage & Stats
Retirement Planner will help you to determine if you have enough money to span your retirement.
While the app is not a guarantee that you will have enough money for retirement, it is a great tool to forecast the amount of money you will have available throughout your retirement. It allows you to take an initial starting principal and input variables like assumed return rates and withdrawal rates and uses the current IRS tax tables to forecast your post-tax income each year.
The app allows you to provide desired income to cover your expenses and allows you to select different desired incomes for phases of your retirement: early, mid, and late retirement. The ages for these phases of retirement are customizable so you can more accurately predict your expenses and income during these phases.
The Retirement Planner will tell you if and when you're money will run out, so you can see if you are ready to retire. This app is a great tool to let you know if you are ready to enjoy the retirement phase of your life and finally leave the workplace for good!
- Apple App Store
- Free
- Finance
Store Rank
- -
You may have retirement savings in taxable accounts (cash, investments), tax-deferred accounts (Traditional 401k, Traditional IRA), and tax-free accounts (Roth 401k, Roth IRA). Find out when you will be able to retire based on your financial circumstances.
**App Highlights**
* The "When Can I Retire Pro" app calculates your retirement age by separating out your retirement savings in taxable accounts (cash, investments) and tax-advantaged accounts (Traditional, Roth) as certain tax-advantaged retirement savings cannot be withdrawn without a penalty until you reach the age 59 1/2.
* The app factors in the retirement age calculation the taxes you are required to pay on withdrawals from your tax-deferred accounts (Traditional 401k, Traditional IRA).
* The app takes into account you are required to make minimum withdrawals from your tax-deferred accounts (Traditional 401k, Traditional IRA) from the age of 72 onwards.
* Additionally, this app helps you with an effective strategy on the order in which you can withdraw your retirement assets during your retirement years when you have savings in taxable, tax-deferred, and tax-free accounts. The retirement withdrawals are made first from your taxable accounts, then from your tax-deferred accounts, and finally from your tax-free accounts.
* This app lays out a clear picture of your finances with the pre-retirement plan and post-retirement plan.
* You can email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others from within the app.
* This app saves your inputs across the launches upon successful retirement age calculation.
* You can share the app via email, 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
- -
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The Retirement Planner VS.
When Can I Retire Pro
December 14, 2024