IRA/401(k)/403(b) Retirement Calculation

Require minimum withdrawals using IRS life expectancy table.
At 70 1/2 you are required to withdraw the minimum.
Also now adds 10% withdrawal penalty for before 59 1/2.

Beginning Balance of Account
Monthly contribution
Current Age
Years until retirement
Estimated annual pre-retirement yield (%)
Estimated annual retirement yield (%)
Estimated annual inflation (%)
Estimated annual contribution increase(%)
Desired future monthly withdrawal amount (current dollars)

The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made. Using this calculator does not guarantee credit.