FWIZ • MILLECOR


        
            Retirement planning estimator
            Build your financial plan
            Work through each section. Your information stays in this browser unless you export it.
        

        
                            
                            
                            
                            
                            
                            
                            
                            
                            
                    

        

        
            
                Step 1
Household and timeline
Set the ages and years that control the plan.
                
                    Model start year                    Your current age                    Spouse current age                    Planned retirement age                    Plan through age                    Spouse stops working at age                
            

            
                Step 2
Working income
Amounts are annual unless marked monthly.
                
                    Base pay                    Typical overtime                    Side income, net                    Spouse take-home pay, monthly                    Annual pay growthEnter as a percentage.                    Side-income growthEnter as a percentage.                    Spouse-pay growthEnter as a percentage.                    Effective working tax rateEnter as a percentage.                
                 Include spouse income
            

            
                Step 3
Spending
Retirement targets represent total household spending.
                
                    Current needs, monthly                    Current wants, monthly                    Current annual extras                    Retirement spending while mortgage is active                    Retirement spending after mortgage payoff                
                Do not add a separately calculated mortgage payment to these retirement targets. Each target should already represent total household spending for that situation.
            

            
                Step 4
Debts
Add each debt separately. The model calculates monthly amortization.
                
                
            

            
                Step 5
Assets and contributions
Employer contributions increase assets but do not reduce household cash flow.
                
                    Cash / emergency fund                    Taxable investments                    Crypto                    457(b) balance                    457(b) employee contribution, monthly                    Roth IRA balance                    Roth IRA contribution, annual                    HSA balance                    HSA employee contribution, annual                    HSA employer contribution, annual                    Taxable investing, monthly                    Annual contribution growthEnter as a percentage.                
                 Redirect paid-off debt payments to taxable investments while working
            

            
                Step 6
Retirement income and events
Pension estimates must match the selected retirement age exactly.
                
                    Other pension, monthly                    Other pension starting age                    Other pension COLAEnter as a percentage.                    Spouse pension, monthly                    Spouse pension starting age                    Social Security, monthly                    Social Security starting age                    Social Security COLAEnter as a percentage.                    TMRS COLAEnter as a percentage.                
                TMRS estimates
                
                                            Age 45Lump sumMonthly benefit
                                            Age 50Lump sumMonthly benefit
                                            Age 55Lump sumMonthly benefit
                                            Age 60Lump sumMonthly benefit
                                            Age 65Lump sumMonthly benefit
                                    
                 Use available TMRS lump sum to pay the mortgage at retirement
                Other one-time events
                
                
            

            
                Step 7
Planning assumptions
Results are shown in today’s dollars by default.
                
                    Investment return while working                    Investment return in retirement                    Crypto return                    Inflation                    Retirement effective tax rate                    Safe withdrawal benchmark                
                 Show calculations in today’s dollars
            

            
                Step 8
Review your plan
Resolve any missing or contradictory information before calculating.
                
                Privacy: this version performs calculations in your browser. It does not send or save financial information to WordPress.
            

            
                Step 9
Your results
The annual projection is the primary funding test. The withdrawal-rate benchmark is secondary.
Build your financial plan

Household and timeline

Working income

Spending

Debts

Assets and contributions

Retirement income and events

TMRS estimates

Other one-time events

Planning assumptions

Review your plan

Your results

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