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Retire Early Home Page

Generation-X Retirement Calculator -- Version 2.02
Release Date: October 15, 2006 Retirement Assets

You can retire when the red and black lines cross on the chart at right. $2,000,000

$1,800,000
Annual Spending Model 2 1=Spending increases with salary
2=Spending increases limited to inflation $1,600,000
If "2" selected, increase Annual Spending 0.0% more than inflation
$1,400,000
Annual Income and Savings
Gross Annual Income $40,000 $1,200,000

Portfolio Value
Percent of Gross Saved 50.0% of Initial Salary
Present Age 25 Years Old $1,000,000
Age at Death 95 Years Old
Max Annual IRA Contrib. $4,000 $800,000
Max 401k Contrib. (%) 10.0%
IRS 401k Limit $15,000 $600,000
Max Company 401k Contrib. 3.0%
$400,000
Starting Account Balances
401k & IRA accounts $0 $200,000
Taxable accounts $0
Income Tax Assumptions $-
Itemized Deductions 0.0% as a percent of Gross Income 2 4 6 8 10 12 14 16 18 20 22 24
No. of Exemptions 1 Federal Tax Return 1 3 5 7 9 11 13 15 17 19 21 23 25
Filing Status 1 1=Single, 2=Married
Years to Retirement
FICA Wages 1 1=Single or Married w/1 income,
2=Married both working Current Retirement
State Income Tax 0.0% as a percent of Federal Income Tax Portfolio Assets
Adjust Retirement Taxes for Cap Gains 1.00 1.00 = all ordinary income Balance Required
Living Expenses in Retirement
Ratio to Current Living Expenses 1.00
Safe Withdrawal Risk 1 1 = 100% Safe, 2=98%, 3=95%, 4=90%
Assumptions You can retire in 15 years
(Assumes no Social Security or pension benefits.) when you are 40 years old,
Annual Inflation Rate (Exp.) 4.0% with Retirement Assets of $735,780 and an
Annual Salary Increase 5.0% annual pre-tax withdrawal of $26,129 with
Annual Investment Return 5.0% after-tax living expenses of $25,386 per year.
Investment Expenses (% of assets) 0.20%

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