Financial tools

These calculators have been provided as a resource for you to help plan your financial matters. Enter your criteria and you will find answers with dynamic graphs and personalized reports.

Tax organizer

Budget

Does inflation impact my standard of living?

HOW DOES INFLATION IMPACT MY STANDARD OF LIVING?

Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.


Assumptions
Number of years for the analysis
Estimated inflation rate (%)
Monthly or annual figures?
Expenses
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

How much am I spending?

HOW MUCH AM I SPENDING?

Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.


Assumptions
Monthly or annual figures?
Expenses
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

HOW MUCH DO I NEED FOR EMERGENCIES?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.


Assumptions
Current gross monthly income ($)
Current emergency funds available ($)
Number of months for fund to last
Before tax return on savings (%)
Marginal tax bracket (%)
Number of months to accumulate funds
Expenses
Total monthly living expenses, if plan to itemize below then leave at 0. ($)
Or Itemize Monthly
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

Should I pay down debt or invest more?

SHOULD I PAY DOWN DEBT OR INVEST MY MONTHLY SURPLUS?

When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to retire debt. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. However, remember to consider the inherent riskiness of the investment you select (i.e. you may lose the money you invest yet still have obligations to pay back the liability). Use this calculator to help analyze your situation.


Rates and Assumptions
Interest rate on debt (%)
Is the interest deductible?
Before tax return on investment (%)
Is the interest taxable?
Marginal tax bracket (%)
Monthly funds available ($)

How long will my money last?

HOW LONG WILL MY MONEY LAST WITH SYSTEMATIC WITHDRAWALS?

You have worked hard to accumulate your savings. Use this calculator to determine how long those funds will last given regular withdrawals.


Savings & Assumptions
Current savings balance ($)
Proposed monthly withdrawal amounts ($)
Annual withdrawal increases (if any) (%)
Annual before-tax return on savings (%)
Federal marginal tax bracket (%)
Desired table display

Should my spouse enter the work force?

SHOULD MY SPOUSE ENTER THE WORK FORCE?

A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transportation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.


Current Monthly Expenses
Daytime child care (if applicable) ($)
Life insurance premiums ($)
Medical insurance premiums ($)
Monthly Salary and Benefits
Potential gross monthly income ($)
Proposed 401(k) plan contribution (% of salary)> (%)
Employer match (%)
Maximum employer match (%)
Life insurance premiums you will pay ($)
Medical insurance premiums you will pay ($)
Monthly Work-Related Expenses
Business entertaining ($)
Child care ($)
Clothing ($)
Housekeeping ($)
Meals ($)
Transportation ($)
Income Tax Information
Federal marginal tax bracket (%)
State marginal income tax bracket (%)
Would earnings be ‘self-employment’ income?

What is my current net worth?

WHAT IS MY CURRENT NET WORTH?

In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

Tangible Assets

	Value
Residence ($)
Vacation home ($)
Furnishings ($)
Automobiles ($)
Rental real estate ($)
Art, jewelry, and other valuables ($)

Equity Assets

	Value
Stocks ($)
Variable annuities ($)
Limited partnerships ($)
Business interests ($)

Fixed-Principal Assets

	Value
Fixed-dollar annuities ($)
Trust deeds ($)
Other fixed-principal assets ($)

Fixed-Rate Assets

	Value
U.S. government bonds and securities ($)
Municipal bonds ($)
Corporate bonds ($)
Face-amount certificates ($)
Debt mutual funds ($)

Cash and Cash Equivalents

	Value
Checking accounts ($)
Savings accounts ($)
Money market funds ($)
Certificates of deposit ($)
Other cash reserve accounts ($)

Liabilities

	Value
Home mortgage ($)
Other mortgage ($)
Automobile loans ($)
Bank loans ($)
Personal loans ($)
Charge account debt ($)
Other debts ($)

What is my projected net worth?

WHAT IS MY PROJECTED NET WORTH?

Assumptions

Number of years to estimate net worth

Tangible Assets

	Value	Growth
Residence ($)
Vacation home ($)
Furnishings ($)
Automobiles ($)
Rental real estate ($)
Art, jewelry, and other valuables ($)

Equity Assets

	Value	Growth
Stocks ($)
Variable annuities ($)
Limited partnerships ($)
Business interests ($)

Fixed-Principal Assets

	Value	Growth
Fixed-dollar annuities ($)
Trust deeds ($)
Other fixed-principal assets ($)

Fixed-Rate Assets

	Value	Growth
U.S. government bonds and securities ($)
Municipal bonds ($)
Corporate bonds ($)
Face-amount certificates ($)
Debt mutual funds ($)

Cash and Cash Equivalents

	Value	Growth
Checking accounts ($)
Savings accounts ($)
Money market funds ($)
Certificates of deposit ($)
Other cash reserve accounts ($)

Liabilities

	Value	Growth
Home mortgage ($)
Other mortgage ($)
Automobile loans ($)
Bank loans ($)
Personal loans ($)
Charge account debt ($)
Other debts ($)

What is my current cash flow?

WHAT IS MY CURRENT CASH FLOW?

Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. Similarly, a cash flow statement can help you evaluate your personal income and expenses and see if you are running ‘in the red or the black’ each month.


Assumptions
Monthly or annual figures?
Itemized Income
Wages, salary and tips ($)
Interest on savings accounts, CDs, etc. ($)
Dividends from stocks, etc. ($)
Social security benefits ($)
Pensions ($)
Alimony, child support (received) ($)
Other income ($)
Itemized Expenses
Charitable/Church donations ($)
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Other and miscellaneous expenses ($)

What is the value of reducing, postponing or foregoing expenses?

WHAT IS THE VALUE OF REDUCING, POSTPONING OR FOREGOING EXPENSES?

Use this calculator to help determine what you could accumulate by reducing or eliminating discretionary monthly expenses.

Savings and Assumptions

Return on savings (%)

Number of years to estimate savings

Expenses You Can Reduce Or Postpone	Monthly Amount

What is my projected cash flow?

WHAT IS MY PROJECTED CASH FLOW?

Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. They also create a proforma which is a projection of future cash flows based on assumptions about growth/decline of income and expenses. Similarly, a projected cash flow statement can help you evaluate your personal income and expenses and see if you potentially may run ‘in the red or the black’ at a future date.

Assumptions

Monthly or annual figures?

Number of years to project growth

Itemized Income

	Amount	Annual Growth
Wages, salary and tips ($)
Alimony, child support (received) ($)
Dividends from stocks, etc. ($)
Interest on savings accounts, CDs, etc. ($)
Social security benefits ($)
Pensions ($)
Other income ($)

Itemized Expenses

	Amount	Annual Growth
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

College

How much should I be saving for college?

HOW MUCH SHOULD I BE SAVING FOR COLLEGE?

With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans. Use our college savings calculator to determine how much you should be saving for college on a regular basis.

Current Savings and Assumptions

Annual college cost inflation (%)

Amount saved so far ($)

Name	Current Age	College Start Age	Years Attending	Annual Amount

Assumptions

Before-tax return (%)

Marginal tax bracket (%)

Annual increases (%)

Will I be able to repay my student loan?

WILL I BE ABLE TO PAY BACK MY STUDENT LOANS?

When you borrow money for college you might not be thinking about your ability to repay the loan once you graduate. Outstanding student loan balances may infringe upon your ability to qualify for a home, auto and other personal loans. Use this tool to help gauge the feasibility of your student loan repayment with your anticipated future income.

What are the advantages of the Coverdell ESA?

WHAT ARE THE ADVANTAGES OF A COVERDELL ESA?

Tax-deferral can have a dramatic effect on the growth of an investment. With the new Coverdell ESA (formerly known as the Education IRA) your contributions can grow tax-deferred and distributed income tax-free as long as distributions are used for qualified education expenses. These costs can include school uniforms, computers, and transportation for elementary or secondary school, public, private or religious.An annual limit of $2,000 per year for any individual under age 18 applies. Once the beneficiary reaches age 18 they can take control of the account but funds must be used by the time the beneficiary turns 30 years of age or transferred to a younger sibling.The ability to contribute to a Coverdell ESA is phased out for single filers with Modified Adjusted Gross Income (MAGI) between $95,000 and $110,000 and for joint filers with MAGI between $190,000 and $220,000. The annual contribution deadline is April 15 of the following year.


Savings and Assumptions
Annual savings amount (limit $2,000) ($)
Number of years contributions are made (limit 18)
Before-tax return on savings (%)
Marginal tax bracket (%)

What are the advantages of a 529 College Savings Plan?

WHAT ARE THE ADVANTAGES OF A 529 COLLEGE SAVINGS PLAN?

Tax-deferral can have a dramatic effect on the growth of an investment. With a state-sponsored 529 College Savings Plan your contributions can grow tax-deferred (some states allow contributions to be partially or completely deductible) and distributed income tax-free as long as distributions are used for qualified education expenses such as tuition, fees, room and board at higher education institutions.There is no limit on contributions but some states tend to limit contributions once the plan assets have reached a defined maximum (typically $200,000 – $250,000). Under a special election, you may make contributions of up to $70,000 per beneficiary in a single year without triggering a federal gift tax by accelerating five years’ worth of contributions (gifts) as of 2013. Married couples may contribute $140,000 per beneficiary in a single year.*Assets are professionally managed by fund managers selected by the state. Participants can choose from two to almost 30 mutual fund-type investments. Control of the account remains with the contributor regardless of the age of the beneficiary.* A $70,000 gift is viewed as an accelerated gift over five years. Any other gifts to the same beneficiary by the contributor within five years may result in a federal gift-tax liability. If the contributor dies within the five-year period, a prorated portion of the contribution may be included in his or her taxable estate for federal estate tax purposes.


Savings and Assumptions
Initial investment amount ($)
Annual savings amount: ($)
Number of years contributions are made:
Before-tax return on savings (%)
Marginal tax bracket (%)

What is the value of a college education?

WHAT IS THE VALUE OF A COLLEGE EDUCATION?

It may surprise you that, on average, an individual with a bachelor’s degree earns approximately $57,026 per year, compared to the $34,197 average yearly salary of a worker with a high school diploma. Use this calculator to see the value of a college education.Source: U.S. Census Bureau, American Community Survey, 2006-2008.


Earnings and Assumptions
Current age
Retirement age
Anticipated annual income (no degree) ($)
Annual salary increases (no degree) (%)
Anticipated annual income (secondary education) ($)
Annual salary increases (secondary education) (%)

What are the payments on a parental (PLUS) loan?

WHAT ARE THE PAYMENTS ON A PARENTAL (PLUS) LOAN?

PLUS loans are low-interest federally insured loans for parents of undergraduate students to help pay a dependent student’s college cost. PLUS loans are also available to graduate and professional students. The rate is fixed 7.9% for loans made on or after July 1, 2006.


Loan Information
Amount to borrow (year 1) ($)
Amount to borrow (year 2) ($)
Amount to borrow (year 3) ($)
Amount to borrow (year 4) ($)
Annual interest rate (%)
Number of months (10 yrs = 120 max)
Desired amortization schedule

Should I live at home, on campus, or off campus?

SHOULD I LIVE AT HOME, ON CAMPUS, OR OFF CAMPUS?

Before deciding on room and board options when attending college, it may help to itemize and project expenses. These expenses will vary depending on whether you will commute from home, stay on campus or rent an apartment off campus. Use this calculator to help determine whether living on or off campus is better and to see the costs associated with these alternatives.

Assumptions

Number of years until college

Estimated annual inflation rate (%)

Number of months expenses incurred each year

Expenses

	At Home	On Campus	Off Campus
Cell phone ($)
Clothing ($)
College activity fees ($)
Computer equipment ($)
Entertainment ($)
Food (meals) ($)
Food (snacks) ($)
Furnishings (one-time) ($)
Furnishings (monthly rental) ($)
Health (insurance, copays, prescriptions) ($)
Housing (cable) ($)
Housing (renter’s insurance) ($)
Housing (utilities) ($)
Housing (rent) ($)
Housing (one-time deposit) ($)
Internet access ($)
Laundry ($)
Memberships (gym, sports, etc.) ($)
Parking fees ($)
Personal (haircuts, household items, etc.) ($)
Telephone ($)
Transportation (gas) ($)
Transportation (insurance) ($)
Transportation (maintenance) ($)
Transportation (payments) ($)
Travel expenses ($)
Utilities deposit (one-time) ($)

Debt

How long will it take to pay off my credit card(s)?

HOW LONG WILL IT TAKE TO PAY OFF MY CREDIT CARD(S)?

Americans today owe more money than ever before. The fact that ‘interest never sleeps’ means that the situation will continue to worsen unless steps are taken at the individual level to reduce or eliminate debt. Additional monthly payments can make a difference to accelerate the payoff and save yourself hundreds and thousands in interest payments. Use our calculator to figure out when you can pay off your credit card.


Credit Card or Loan Information
Current credit card balance ($)
Annual percentage rate (%)
Minimum payment percentage (%)
Minimum payment amount ($)
Skip December payment when offered?
Proposed additional monthly payment ($)
Desired table display

How long until my loan is paid off?

HOW LONG UNTIL MY LOAN IS PAID OFF?

By making consistent regular payments toward debt service you will eventually pay off your loan. Use this calculator to determine how much longer you will need to make these regular payments in order to eventually eliminate the debt obligation and pay off your loan.

What would my loan payments be?

WHAT WOULD MY LOAN PAYMENTS BE?

The loan amount, the interest rate, and the term of the loan can have a dramatic effect on the total amount you will eventually pay on a loan. Use our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule.

What is the balance on my loan?

WHAT IS THE BALANCE ON MY LOAN?

If you know your current payment, the interest rate and the term remaining, you can calculate your outstanding loan balance. Use this calculator to determine the loan balance along with an amortization schedule.

Should I consolidate my personal debt into a new loan?

SHOULD I CONSOLIDATE MY PERSONAL DEBT INTO A NEW LOAN?

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.

Consolidated Loan Information

Annual percentage rate (%)

Number of years

Current Debt Information

	Balance	Monthly Payment	Yearly Rate
Credit card 1 ($)
Credit card 2 ($)
Credit card 3 ($)
Credit card 4 ($)
Auto loan 1 ($)
Auto loan 2 ($)
Boat/RV loan ($)
Other loan 1 ($)
Other loan 2 ($)
Other loan 3 ($)

Re-structuring debts for accelerated payoff

RESTRUCTURING DEBTS FOR ACCELERATED PAYOFF

The quickest way to retire your debt is to 1) determine what your total debt payment is now, then 2) sort your debts from highest interest rate to lowest, then 3) continue to make the same total payment amount except pay Minimum Payments on all debts except the highest rate debt, then 4) once the highest rate debt is paid off apply those new savings to the next highest rate debt and so on. Use this calculator to determine the interest and time saved using this ‘Roll-Over’ technique along with the potential increase in savings once all the debts have been paid off. The calculator will sort the debts for you when completing the analysis. You may also apply an extra amount to the total payment to accelerate debt payoff even further.

Current Debt Information

	Creditor	Balance	Minimum Payment	Actual Payment	Interest Rate
Debt-1 ($)
Debt-2 ($)
Debt-3 ($)
Debt-4 ($)
Debt-5 ($)
Debt-6 ($)
Debt-7 ($)
Debt-8 ($)
Debt-9 ($)
Debt-10 ($)
Debt-11 ($)
Debt-12 ($)
Debt-13 ($)
Debt-14 ($)
Debt-15 ($)
Debt-16 ($)
Debt-17 ($)
Debt-18 ($)
Debt-19 ($)
Debt-20 ($)

Additional Debt Payments

Extra monthly payment ($)

One-time payment ($)

One-time payment

Assumptions

Debt ordering

Interest earned on new savings (%)

Which is better: cash up front or payments over time?

WHICH IS BETTER: CASH UP FRONT OR PAYMENTS OVER TIME?

Use this calculator to help determine whether you are better off receiving a lump sum payment and investing it yourself or receiving equal payments over time from a third party.


Cash Up Front Information
Cash up front amount ($)
Potential return on investment (similar risk) (%)
Payment Information
Compounding frequency
Annual payment amount ($)
Annual increase in payments (%)
Number of payments

What is the impact of making extra payments on my loan?

WHAT IS THE IMPACT OF MAKING EXTRA PAYMENTS ON MY DEBT?

Over the course of a loan amortization you will spend hundreds, thousands, and maybe even hundreds of thousands in interest. By making a small additional monthly payment toward principal, you can greatly accelerate the term of the loan and, thereby, realize tremendous savings in interest payments. Use our extra payment calculator to determine how much more quickly you may be able to pay off your debt.


Loan Information
Original loan balance ($)
Annual percentage rate (%)
Initial term in months (30yrs=360)
Number of payments already made
Proposed additional monthly payment ($)

Should I pay off debts or invest?

SHOULD I PAY OFF DEBT OR INVEST?

When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to pay towards liabilities. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. Use this calculator to help analyze your situation.


Rates and Assumptions
Interest rate on debt (%)
Is the interest deductible?
Before-tax return on investment (%)
Is the interest taxable?
Marginal tax bracket (%)

Home & Mortgage

How much home can I afford?

HOW MUCH HOME CAN I AFFORD?

When you’re buying a home, mortgage lenders don’t look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use our home affordability calculator to determine how much of a mortgage you may be able to obtain.


Income and Debt Obligations
Current combined annual income ($)
Monthly child support payments ($)
Monthly auto payments ($)
Monthly credit card payments ($)
Monthly association fees ($)
Other monthly obligations (not including current mortgage payment) ($)
New Loan Assumptions
Annual interest rate on new mortgage (%)
Term of new mortgage (years)
Funds available for a down payment ($)
Estimated annual property taxes ($)
Estimated annual homeowner’s insurance ($)
Front-end ratio
Back-end ratio

Should I refinance my home mortgage? (breakeven)

SHOULD I REFINANCE MY MORTGAGE?

Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have crept up over the last couple of months, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!


Current Loan Information
Current loan balance ($)
Annual interest rate (%)
Number of months remaining
Proposed Loan Information
Annual interest rate on new mortgage (%)
Number of months (30yrs=360)
Loan origination fee (%)
Other fees/discount points (%)
Other fees: ($)

Comprehensive mortgage calculator

MORTGAGE CALCULATOR

The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule.


Mortgage Loan Information
Mortgage loan amount ($)
Annual interest rate (%)
Number of months (30yrs=360)
Desired amortization schedule
Property Information
Sale price of property ($)
Let system estimate property taxes, insurance, and private mortgage insurance?
Annual property taxes ($)
Annual hazard insurance ($)
Monthly private mortgage insurance ($)

Comparing mortgage terms

COMPARING MORTGAGE TERMS (I.E. 15, 20, 30 YEAR)

Different mortgage terms and rates can make the loan selection process confusing, especially if you don’t plan on keeping the loan for the full term. Use this calculator to determine the total cost in today’s dollars of various mortgage alternatives taking into account your opportunity cost of money.

Loan Amount

Amount of loan ($)

Mortgage Alternatives and Assumptions

	Loan1	Loan2	Loan3
Term (in years)
Annual interest rate

Comparison Assumptions

Comparison options/cost of money

(%)

Marginal tax bracket (%)

Years to compare total costs:

Should I pay extra points for a lower interest rate?

SHOULD I PAY DISCOUNT POINTS FOR A LOWER INTEREST RATE?

In some cases, it may benefit you to ‘buy down the interest rate’ by paying extra money up front in the form of discount points. Use this calculator to help determine if this makes sense for you.

Should I rent or buy a home?

SHOULD I RENT OR BUY A HOME?

With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.


Rent Assumptions
Monthly rent payment ($)
Additional monthly fees ($)
Monthly renter’s insurance premium ($)
Annual rate increases (%)
Purchase Assumptions
Purchase price of home ($)
Annual appreciation rate (%)
Realtor fees on future sale (%)
Amount of loan ($)
Annual interest rate (%)
Number of years
Closing costs (not included in loan amount) ($)
Annual homeowner’s insurance premium ($)
Annual property taxes ($)
Annual maintenance cost ($)
Other Assumptions
Number of years for the comparison
Marginal tax bracket (%)
Before tax return on savings (%)
Assumed annual inflation rate (%)

Should I convert to a bi-weekly payment schedule?

SHOULD I CONVERT TO A BI-WEEKLY PAYMENT SCHEDULE?

It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week – resulting in a net effect of paying an extra payment toward principal each year.

Compare a 'no-cost' versus traditional mortgage

COMPARE A ‘NO-COST’ VS. TRADITIONAL MORTGAGE

Many lenders will offer a ‘no-cost’ loan in lieu of a traditional mortgage. ‘No-cost’ loans are generally priced at a higher interest rate than a traditional mortgage. The higher rate allows the lender to make enough money on the interest rate spread from the underwriter to pay for all your closing costs and provide them with their profit. Use this calculator to help determine if a no-cost loan with your lender is better than a traditional mortgage.

Assumptions

Amount of loan ($)

Number of years

Mortgage Rates

	No-Cost Loan	Traditional Mortgage
Annual interest rate

Traditional Loan Closing Costs

Discount points (% of loan) (%)

Origination fees (% of loan) (%)

Lender fees (processing and underwriting) ($)

Credit report ($)

Appraisal ($)

Title insurance ($)

Reconveyance fee ($)

Recording fee ($)

Wire and courier fee ($)

Endorsement fee ($)

Title closing fee ($)

Document preparation ($)

Other fees ($)

How do you plan to pay closing costs?

Comparison Assumptions

Comparison options/cost of money

(%)

Marginal tax bracket (%)

Years to compare total costs:

What are the tax savings generated by my mortgage?

WHAT ARE THE TAX SAVINGS GENERATED BY MY MORTGAGE?

With the interest on a mortgage being deductible when you itemize deductions, it may surprise you how much you can save in taxes. Use this calculator to determine your potential tax savings with a mortgage. (Consult your tax advisor regarding the deductibility of interest.)


Loan Information
Loan amount ($)
Annual interest rate (%)
Number of months (30yrs=360)
Marginal tax bracket (%)
Desired table display monthly or yearly?

Should I take out a fixed or adjustable rate mortgage?

WHICH IS BETTER: FIXED OR ADJUSTABLE-RATE MORTGAGE?

It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.

Mortgage Alternatives and Assumptions

Loan amount ($)

	Fixed-Rate Loan	Adjustable-Rate Loan
(Initial) annual interest rate
Number of years

Index Rate Detail

Current index rate (%)

Lenders margin added to index rate (%)

Index rate adjustment (%)

Number of months between index rate adjustments

What will rates be doing over the life of the loan: stay same, increase or decrease?

Assumed maximum annual rate adjustment (%)

Adjustable Rate Detail

Absolute minimum rate over term of loan (%)

Absolute maximum rate over term of loan (%)

Number of months before first rate adjustments

Number of months between rate adjustments

Comparison Assumptions

Comparison options/cost of money

(%)

Marginal tax bracket (%)

Years to compare total costs:

Adjustable rate mortgage calculator

ADJUSTABLE RATE MORTGAGE CALCULATOR

Unlike fixed rate mortgages, the payments on an adjustable rate mortgage will vary as interest rates change. Use our adjustable rate mortgage (ARM) calculator to see how interest rate assumptions will impact your monthly payments and the total interest paid over the life of the loan.


Mortgage Assumptions
Loan amount ($)
Initial interest rate (%)
Number of months (30yrs=360)
Adjustable Rate Detail
Absolute minimum rate over term of loan (%)
Absolute maximum rate over term of loan (%)
Number of months before first rate adjustments
Number of months between rate adjustments
What will rates be doing over the life of the loan: stay same, increase or decrease?
Assumed rate adjustment (%)

How do closing costs impact the interest rate?

HOW DO CLOSING COSTS IMPACT THE INTEREST RATE?

If you choose to finance your closing costs, the monthly loan payments will be higher than if you had paid the closing costs out-of-pocket. In order to help borrowers compare loans, lenders use a standard calculation called annual percentage rates (APR) which takes into account the closing costs. Use this calculator to itemize the closing costs and to compare loans with different rates, fees or terms.


Loan Information
Original Loan Amount ($)
Term (years)
Mortgage Rate (%)
Traditional Closing Cost Information
Discount Points (%)
Origination Fee (%)
Lender Fees (processing/underwriting) ($)
Credit Report ($)
Appraisal ($)
Title Insurance ($)
Reconveyance Fee ($)
Recording Fee ($)
Wire and Courier Fees ($)
Endorsement Fee ($)
Title Closing Fee ($)
Title Document Prep Fee ($)
Other Fees ($)

Income

What is my potential estate tax liability?

WHAT IS MY POTENTIAL ESTATE TAX LIABILITY?

In 2016 estates worth up to $5.45 million will be excluded from paying federal estate tax. This means that the federal government could ‘inherit’ a significant portion of your estate unless you take measures to preserve your wealth. Use this federal estate tax calculator to estimate your tax liability.

Assets/Liabilities and Assumptions

	Value	Growth	Liability
Personal assets ($)
Investment assets ($)
Business assets ($)

Assumptions

Charitable contributions ($)

Probate and final expenses (% of gross estate) (%)

Years to project estate growth

Federal income tax estimator

2016 FEDERAL INCOME TAX CALCULATOR

Taxes are unavoidable and without planning, the annual tax liability can be very uncertain. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates.For “high-income” workers you may experience an increase in your 2016 federal taxes going forward due to a number of new provisions such as personal exemption phaseouts, limits to itemized deductions, 3.8% Medicare tax on investment income and the creation of a new tax bracket (39.6%).


Income and Tax Information
Tax filing status
Gross annual income ($)
Amount of gross income considered ‘unearned’/investment income ($)
Qualified plan/IRA contribution ($)
Itemized deductions – $0 for standard ($)
Number of personal exemptions
Number of dependent children

Should I adjust my payroll withholdings?

SHOULD I ADJUST MY PAYROLL WITHHOLDINGS?

Each April many taxpayers are surprised as they realize that they have either over withheld or under withheld on their taxes. Use this calculator each year to help determine whether you are likely to be on target based on your current withholding status. Make adjustments to your employer W-4 form, if necessary, to more closely match your liability. In the event of a surplus, you may be able to increase your take home pay.”High-income” workers may experience an increase in federal taxes due to a number of provisions such as personal exemption phaseouts, limits to itemized deductions, 3.8% Medicare tax on investment income and the creation of a new tax bracket (39.6%).


Income and Tax Information
Tax filing status
Gross annual income ($)
Amount of gross income considered ‘unearned’/investment income ($)
Qualified plan/IRA contribution ($)
Itemized deductions – $0 for standard ($)
Number of personal exemptions
Number of dependent children
Federal taxes withheld to date ($)
Number of allowances claimed on W-4
Payment frequency

Will my investment interest be deductible?

WILL MY INVESTMENT INTEREST BE DEDUCTIBLE?

Interest paid on debts incurred in order to invest (such as ‘margin accounts’) is generally deductible to the extent that it offsets investment income (such as interest, dividends and short term capital gains). Interest payments in excess of investment income can be carried forward in hopes of offsetting future investment income. This calculator can help you better manage the use of debt as an investment tool, and more accurately time your income and interest payments to take best advantage of current deductibility laws and limitations.


Federal Income Tax Information
Marginal tax bracket (%)
Investment Interest You Receive
Dividend income ($)
Interest income ($)
Short-term capital gains ($)
Investment Interest You Pay
Margin account interest ($)
Other investment interest ($)

How much self-employment tax will I pay?

HOW MUCH SELF-EMPLOYMENT TAX WILL I PAY?

Self-employment taxes are comprised of two parts: Social Security and Medicare. You will pay 6.2 percent and your employer will pay Social Security taxes of 6.2 percent on the first $118,500 of your covered wages. You each also pay Medicare taxes of 1.45 percent on all your wages – no limit. If you are self-employed, your Social Security tax rate is 12.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct the employer portion. You will pay an additional 0.9% Medicare tax on the amount that your annual income exceeds $200,000 for single filers, $250,000 for married filing jointly, and $125,000 married filing separate. Use this calculator to estimate your self-employment taxes.


Wage Information
Annual self-employment income ($)
Annual employer income (already taxed) ($)
Tax filing status

Capital gains (and losses) tax estimator

CAPITAL GAINS (LOSSES) TAX ESTIMATOR

Federal taxes on your net capital gain(s) will vary depending on your marginal income tax bracket and holding period of the asset. Use this calculator to help estimate capital gain taxes due on your transactions.


Assumptions
Federal marginal tax bracket
Asset Transaction #1
Purchase price ($)
Sales price ($)
Holding period
Asset Transaction #2
Purchase price ($)
Sales price ($)
Holding period
Asset Transaction #3
Purchase price ($)
Sales price ($)
Holding period
Asset Transaction #4
Purchase price ($)
Sales price ($)
Holding period

Compare taxable, tax-deferred and tax-free investment growth

COMPARE TAXABLE, TAX-DEFERRED AND TAX-FREE INVESTMENT GROWTH

Investment vehicles are taxed differently. This calculator is intended to help compare a fully taxable investment to two tax advantaged situations. In one situation, an investment account is not taxed until the money is withdrawn. In the second scenario, the money is an investment that is not subject to Federal or State tax.


Savings and Assumptions
Current investment balance ($)
Annual contributions ($)
Number of years to invest
Before-tax return on fully-taxable investment (%)
Before-tax return on tax-deferred investment (%)
Return on tax-free investment (%)
Marginal tax bracket (%)

How much of my Social Security benefit might be taxable?

HOW MUCH OF MY SOCIAL SECURITY BENEFIT MAY BE TAXED?

Did you know that up to 85% of your Social Security Benefits may be subject to income tax? If this is the case you may want to consider repositioning some of your other income to minimize how much of your Social Security Benefit may be taxed and thereby, maximize your retirement income sources.


Income and Tax Information
Tax filing status
Marginal tax bracket (%)
Calculating ‘Modified’ Adjusted Gross Income
Long-term capital gains/losses (-) ($)
Short-term capital gains/losses (-) ($)
Dividends ($)
Taxable interest ($)
Tax-free interest ($)
Pension benefits ($)
IRA distributions ($)
Roth IRA distributions ($)
Other taxable income ($)
Wages ($)
Self-employed income/loss (-) ($)
Deductible IRA contributions ($)
Social Security Benefits
Social Security received ($)

What are the tax implications of paying interest?

WHAT ARE THE TAX IMPLICATIONS OF PAYING INTEREST?

Interest paid may or may not be tax-deductible depending on the type of interest paid. Use this calculator to help determine what, if any, interest you pay this year may be deductible and to what extent it may save you on taxes.


Federal Income Tax Information
Marginal tax bracket (%)
Home Mortgage Interest
First mortgage interest ($)
Second mortgage interest ($)
Home equity loan interest ($)
Investment Interest
Investment interest you PAID ($)
Interest and dividends you RECEIVED ($)
Short-term capital gains/losses (-) ($)
Business Debt Interest
Business debt interest ($)
Personal Debt Interest
Credit card interest ($)
Auto loan interest ($)
Other personal debt interest ($)

Should I itemize or take the standard deduction?

SHOULD I ITEMIZE OR TAKE THE STANDARD DEDUCTION?

If you have numerous itemized deductions such as mortgage interest, charitable contributions, etc., it may make sense for you to itemize your deductions instead of using the standard deduction for your tax filing status. Use this calculator to help you make that decision.


Input and Assumptions
Estimated AGI (adjusted gross income) ($)
Tax filing status
Number of blind filers
Number of filers over age 65
Dental and Medical Expenses
Medical expenses ($)
Dental expenses ($)
Taxes You Paid
State and local income taxes ($)
Real estate taxes ($)
Personal property taxes ($)
Other taxes ($)
Interest (Paid/Received)
Home mortgage interest and points ($)
Investment interest and dividends received ($)
Investment interest you paid ($)
Charitable Contributions
Cash contributions ($)
‘In-kind’ contributions ($)
‘Carryover’ contributions ($)

What is my tax-equivalent yield?

WHAT IS MY TAX-EQUIVALENT YIELD?

Tax-free investments such as municipal bonds have lower yields due to their tax-exempt status. Use this calculator to determine an equivalent yield on a taxable investment. The higher your marginal tax bracket (state and federal), the higher the tax-equivalent yield.

2016 tax refund estimator

2016 TAX REFUND ESTIMATOR

Did you withhold enough in taxes this past year? Use this calculator to help determine whether you might receive a tax refund or still owe additional money to the IRS. Remember this is just a tax estimator so you should file a proper tax return to get exact figures.For “high-income” workers you may experience an increase in your 2016 federal taxes going forward due to a number of new provisions such as personal exemption phaseouts, limits to itemized deductions, 3.8% Medicare tax on investment income and the creation of a new tax bracket (39.6%).


Income and Tax Information
Tax filing status
Gross annual income ($)
Amount of gross income considered ‘unearned’/investment income ($)
Qualified plan/IRA contribution ($)
Itemized deductions – $0 for standard ($)
Number of personal exemptions
Number of dependent children
Federal taxes withheld ($)

Insurance

How much life insurance do I need?

HOW MUCH LIFE INSURANCE DO I NEED?

Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial plan for you and your family. This step may require the purchase of a life insurance policy to ensure that your family’s needs will continue to be met, even after your untimely death cuts your earnings potential short.


Age, Income and Assumptions
Current annual income ($)
Spouse’s annual income (if applicable) ($)
Spouse’s current age (if applicable)
Spouse’s desired retirement age (if applicable)
Investment return (%)
Anticipated inflation rate (%)
Immediate Cash Needs
Funeral expenses ($)
Final expenses ($)
Mortgage balance ($)
Other debts ($)
Long-Term Income Needs
Desired annual income needs (typically 70-80% of current combined income) ($)
Number of years income is needed
College needs ($)
Available Resources
Investment assets ($)
Existing life insurance ($)
Include social security benefits?
Age of oldest child under 18
Age of second child under 18
Age of third child under 18
Age of fourth child under 18

What is my life expectancy?

WHAT IS MY LIFE EXPECTANCY?

With medical advances and improved lifestyles, life expectancies in the United States are on the rise.* Use this basic calculator to help determine how many years you may need to plan for in retirement or how many years you may need to provide income to a surviving spouse or children.* Source: National Association of Insurance Commissioners, 2001

What are my needs for burial and final expenses?

WHAT ARE MY NEEDS FOR BURIAL AND FINAL EXPENSES?

Long gone are the days of being buried in a pinewood box. Funeral expenses can vary from several thousand dollars up to $15,000 and more depending on which services you select. Funeral homes and crematoriums provide a list of expenses some of which have been enumerated here. Use this calculator as a guideline to help estimate your burial and final expenses.


Professional Services
Basic services of funeral director and staff ($)
Embalming ($)
Other preparations of the body ($)
Facilities and Staff Services
Viewing and ceremony ($)
Cemetery and graveside ($)
Transportation Services
Transfer remains to funeral home ($)
Hearse ($)
Limousine ($)
Merchandise
Casket/Cremation urn ($)
Burial/Urn vault/liner ($)
Monument/Memorial/Tombstone ($)
Other Expenses
Burial clothing ($)
Floral arrangements ($)
Food ($)
Airfare and accommodations ($)
Other ($)

How much disability income do I need?

HOW MUCH DISABILITY INCOME INSURANCE DO I NEED?

Your chances of becoming disabled are far greater than your chances of dying. It may surprise you that in December of 2010, there were over 2.5 million disabled workers in their 20s, 30s, and 40s receiving Social Security insurance benefits due to a disability.** Source: Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov


Monthly Income (if disabled)
Spouse’s after-tax income ($)
Investment income ($)
Group/Individual disability income ($)
Other monthly income ($)
Monthly Expenses
Mortgage or rent ($)
Loan repayments ($)
Utilities ($)
Food ($)
Clothing ($)
Transportation ($)
Education/Tuition ($)
Medical/Personal Care ($)
Insurance premiums ($)
Other expenses ($)

What are the chances of becoming disabled?

WHAT ARE MY CHANCES OF BECOMING DISABLED?

It may surprise you that just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.* Use this calculator to determine your chances of becoming disabled.* Source: Social Security Administration, Fact Sheet March 18, 2011

What are my long-term care insurance needs?

WHAT ARE MY LONG-TERM CARE INSURANCE NEEDS?

There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance. Use this calculator to determine your potential long-term care needs and how long your current assets might last.


Age, Savings and Assumptions
Your current age
Age estimated to begin long-term care
Annual cost of long-term care in today’s dollars ($)
Annual long-term care inflation (%)
Number of years estimated to need long term care
Value of funds already set aside by you for long term care ($)
Recommended Savings Assumptions
Before-tax return (%)
Marginal tax bracket (%)
Annual increases (%)

How much will I earn in my lifetime?

HOW MUCH WILL I EARN IN MY LIFETIME?

Most people earn a small fortune during their lifetime. Yet many of them are unaware of how their annual income adds up over the years.This calculator, designed to help you estimate how much you’ll earn before you retire, may surprise you with your own earning capacity.

What are the tax advantages of an annuity?

WHAT ARE THE TAX ADVANTAGES OF AN ANNUITY?

Deposits into an annuity are not tax-deductible, however you don’t have to pay taxes on the interest earned until you begin making withdrawals. This tax-deferral period can have a dramatic effect on the growth of an investment. Use this calculator to compare the tax advantages of saving in an annuity versus an account where the interest is taxed each year such as a CD.


Savings and Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions (%)
Number of years for the analysis
Before-tax return on savings (%)
Marginal Tax Brackets *
During deposit(s) (%)
At withdrawal (%)

How long will my current insurance last?

HOW LONG WILL MY CURRENT LIFE INSURANCE PROCEEDS LAST?

You may think that you are adequately insured in the event of your death. It may surprise how quickly the tax-free insurance proceeds may be depleted by your survivor income needs.


Insurance and Assumptions
Current life insurance in force ($)
Monthly survivor income needs ($)
Annual inflation adjustment (if any) (%)
Annual before-tax return on insurance proceeds (%)
Federal marginal tax bracket (%)
Desired amortization schedule

What is the future value of an annuity?

WHAT IS THE FUTURE VALUE OF AN ANNUITY?

Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal. Use this calculator to help determine your annuity value in a given year and compare it to a taxable savings account like a CD.


Savings and Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions (%)
Number of years for the analysis
Before tax return on taxable account (%)
Marginal tax bracket during deposit(s) (%)
Marginal tax bracket at withdrawal (%)
Annuity Information
Initial rate (%)
Number of years initial rate is guaranteed
Subsequent expected interest rate (%)
Minimum guaranteed interest rate (%)
Surrender Charges (if applicable)
Year 1 (%)
Year 2 (%)
Year 3 (%)
Year 4 (%)
Year 5 (%)
Year 6 (%)
Year 7 (%)
Year 8 (%)
Year 9 (%)
Year 10 (%)

Which is better, Comprehensive Plan Or High-Deductible Plan With HSA?

WHICH IS BETTER, COMPREHENSIVE PLAN OR HIGH-DEDUCTIBLE PLAN WITH HSA?

Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003. HSAs are a form of medical savings account that must be accompanied by a high-deductible health insurance plan. HSAs allow individuals/employers to set aside money on a pre-tax or tax-deductible basis and then withdraw the money tax-free to pay qualifying medical expenses. Use this calculator to help compare a traditional, low-deductible health plan to a high-deductible health plan accompanied by an HSA to cover out-of-pocket expenses.


Comprehensive Health Plan
Deductible ($)
Coinsurance (%)
Maximum annual out-of-pocket (OOP) ($)
Monthly insurance premium ($)
High-Deductible Health Plan with HSA
Deductible ($)
Coinsurance after deductible is met (%)
Maximum annual out-of-pocket (OOP) ($)
Monthly insurance premium ($)
Other Assumptions
Anticipated yearly medical expenses (incurred by one individual) ($)
Marginal tax rate (state/federal plus 7.65% SS/Medicare) (%)
Plan type

Investment

How should I allocate my assets?

HOW SHOULD I ALLOCATE MY ASSETS?

Over 90 percent of investment returns are determined by how investors allocate their assets versus security selection, market timing and other factors.* Use this calculator to help determine your portfolio allocation based on your propensity for risk.* Source: Brinson, Singer, and Beebower, ‘Determinants of Portfolio Performance II: An Update,’ Financial Analysts Journal, May-June 1991


Attitudes toward Risk
1. What is your age? A) 35 years or under B) 36-54 C) 55 or above
2. What do you expect to be your next major expenditure? A) Buying a house B) Paying for a college education C) Capitalizing a new business D) Providing for retirement
3. When do you expect to use most of the money you are now accumulating in your investments? A) At any time now…so a high level of liquidity is important B) Probably in the future…2-5 years from now C) In 6-10 years D) Probably in 11-20 or more years from now
4. Over the next several years, you expect your annual income to: A) Stay about the same B) Grow moderately C) Grow substantially D) Decrease moderately E) Decrease substantially
5. Due to a general market correction, one of your investments loses 14% of its value a short time after you buy it. What do you do? A) Sell the investment so you will not have to worry if it continues to decline B) Hold on to it and wait for it to climb back up C) Buy more of the same investment…because at the current lower price, it looks even better than when you bought it
6. Which of these investing plans would you choose for your investment dollars? A) You would go for maximum diversity, dividing your portfolio among all available investments, including those ranging from highest return/greatest risk to lowest return/lowest risk B) You are concerned about too much diversification, so you would divide your portfolio among two investments with historically high rates of return and moderate risk C) You would put your investment dollars in the investment with the highest rate of return and most risk
7. Assuming you are investing in a stock mutual fund, which one do you choose? A) A fund of companies that may make significant technological advances that are still selling at their low initial offering price B) A fund that only invests in established, well-known companies that have a potential for continued growth C) A fund devoted to highly diversified ‘blue chip’ stocks that pay dividends
8. Assuming you are investing in only one bond, which bond do you choose? A) A high-yield (junk) bond that pays a higher interest rate than the other two bonds, but also gives you the least sense of security with regard to a possible default B) The bond of a well-established company that pays a rate of interest somewhere between the other two bonds C) A tax-free bond, since minimizing taxes is your primary investment objective
9. You expect inflation to return and it has been suggested that you invest in ‘hard’ assets such as real estate and cable TV, which have historically outpaced inflation. Your only financial assets are long-term bonds. What do you do? A) Ignore the advice and hold on to the bonds B) Sell the bonds, putting half the proceeds in ‘hard’ assets and the other half in money market funds C) Sell the bonds and put all the proceeds in ‘hard’ assets D) Sell the bonds, put the proceeds in ‘hard’ assets, and borrow additional money so you can buy even more ‘hard’ assets
10. You have just reached the $10,000 plateau on a TV game show. Now you must choose between quitting with the $10,000 in hand or betting the entire $10,000 in one of three alternative scenarios. Which do you choose? A) The $10,000 — you take the money and run B) A 50 percent chance of winning $50,000 C) A 20 percent chance of winning $75,000 D) A 5 percent chance of winning $100,000

Compare taxable versus tax-free investment return

COMPARE TAXABLE VS. TAX-FREE INVESTMENT RETURN

Many investments are taxed differently. For example with bonds, some may be taxed federally only, some may be taxed at the state level only, and some may be taxed both at the state and federal level. Use this calculator to help make an apple-to-apple comparison of varying investment returns.

What is the value of a bond?

WHAT IS THE VALUE OF A BOND?

Bond values are very sensitive to market interest rates. For example, if you purchased bond with a stated/coupon rate of 10% and market rates had declined to 8% since you purchased the bond, then the value of your 10% bond in a market crediting 8% would be higher. Use this calculator to help determine the value of a bond.

What is the return on my real estate investment?

WHAT IS THE RETURN ON MY REAL ESTATE INVESTMENT?

Purchase price, loan terms, appreciation rate, taxes, expenses and other factors must be considered when you evaluate a real estate investment. Use this calculator to help you determine your potential IRR (internal rate of return) on a property.


Purchase
Purchase price ($)
Market Value (if different from Purchase price) ($)
Cash invested ($)
Depreciable value (%)
Debt
“Interest-Only” Loan? (Y/N)
Loan amount (may include estimated Rehab) ($)
Interest rate (%)
Term (years)
Closing costs ($)
Income
Gross rental income ($)
Income frequency
Annual rent increases (%)
Occupancy Rate (%)
Expenses
Annual property tax ($)
Annual insurance ($)
Annual maintenance ($)
Annual HOA ($)
Annual increase in expenses (%)
Other Information
Duration of analysis (years)
Realtor fees upon future sale (%)
Annual appreciation rate (%)
Marginal tax bracket (%)
Long-term capital gains bracket (%)

What is the value of compound interest?

WHAT IS THE VALUE OF COMPOUND INTEREST?

Compound interest can have a dramatic effect on the growth of an investment. Use this interest calculator to illustrate the impact of compound interest on the future value of an asset.


Savings and Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions (%)
Number of years for the analysis
Before-tax return on savings (%)

What is the value of a call or put option?

WHAT IS THE VALUE OF A CALL OR PUT OPTION?

A Call option represents the right (but not the requirement) to purchase a set number of shares of stock at a pre-determined ‘strike price’ before the option reaches its expiration date. A call option is purchased in hopes that the underlying stock price will rise well above the strike price, at which point you may choose to exercise the option. Exercising a call option is the financial equivalent of simultaneously purchasing the shares at the strike price and immediately selling them at the now higher market price.A Put option represents the right (but not the requirement) to sell a set number of shares of stock (which you do not yet own) at a pre-determined ‘strike price’ before the option reaches its expiration date. A put option is purchased in hopes that the underlying stock price will drop well below the strike price, at which point you may choose to exercise the option.


Call/Put Assumptions
Analyze a Call or Put option?
Total purchase price of option ($)
Total number of shares controlled
Strike price (per share) ($)
Current price (per share) ($)

Taxable vs. tax-advantaged saving comparison

TAXABLE VS. TAX-ADVANTAGED SAVINGS?

Tax-deferral can have a dramatic effect on the growth of an investment. Use this calculator to determine the future value of an investment being subject to income tax each year versus deferring the tax until withdrawal.


Savings And Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions (%)
Number of years for the analysis
Before-tax return on savings (%)
Marginal tax bracket (%)
Compounding/savings frequency

What is my risk tolerance?

WHAT IS MY RISK TOLERANCE?

On your way home from work, do you drive in the slow lane or the fast lane? Each person has a different propensity for risk. When investing, this risk propensity can be used to determine the percentage of your portfolio that is exposed to equities. Complete the following questionnaire to help determine your risk profile.


Attitudes toward Risk
1. What is your age? A) 35 years or under B) 36-54 C) 55 or above
2. What do you expect to be your next major expenditure? A) Buying a house B) Paying for a college education C) Capitalizing a new business D) Providing for retirement
3. When do you expect to use most of the money you are now accumulating in your investments? A) At any time now…so a high level of liquidity is important B) Probably in the future…2-5 years from now C) In 6-10 years D) Probably in 11-20 or more years from now
4. Over the next several years, you expect your annual income to: A) Stay about the same B) Grow moderately C) Grow substantially D) Decrease moderately E) Decrease substantially
5. Due to a general market correction, one of your investments loses 14% of its value a short time after you buy it. What do you do? A) Sell the investment so you will not have to worry if it continues to decline B) Hold on to it and wait for it to climb back up C) Buy more of the same investment…because at the current lower price, it looks even better than when you bought it
6. Which of these investing plans would you choose for your investment dollars? A) You would go for maximum diversity, dividing your portfolio among all available investments, including those ranging from highest return/greatest risk to lowest return/lowest risk B) You are concerned about too much diversification, so you would divide your portfolio among two investments with historically high rates of return and moderate risk C) You would put your investment dollars in the investment with the highest rate of return and most risk
7. Assuming you are investing in a stock, which one do you choose? A) Companies that may make significant technological advances that are still selling at their low initial offering price B) Established, well-known companies that have a potential for continued growth C) ‘Blue chip’ stocks that pay dividends
8. Assuming you are investing in only one bond, which bond do you choose? A) A high-yield (junk) bond that pays a higher interest rate than the other two bonds, but also gives you the least sense of security with regard to a possible default B) The bond of a well-established company that pays a rate of interest somewhere between the other two bonds C) A tax-free bond, since minimizing taxes is your primary investment objective
9. You expect inflation to return and it has been suggested that you invest in ‘hard’ assets, which have historically outpaced inflation. Your only financial assets are long-term bonds. What do you do? A) Ignore the advice and hold on to the bonds B) Sell the bonds, putting half the proceeds in ‘hard’ assets and the other half in money market funds C) Sell the bonds and put all the proceeds in ‘hard’ assets D) Sell the bonds, put the proceeds in ‘hard’ assets, and borrow additional money so you can buy even more ‘hard’ assets
10. You have just reached the $10,000 plateau on a TV game show. Now you must choose between quitting with the $10,000 in hand or betting the entire $10,000 in one of three alternative scenarios. Which do you choose? A) The $10,000 — you take the money and run B) A 50 percent chance of winning $50,000 C) A 20 percent chance of winning $75,000 D) A 5 percent chance of winning $100,000

What is the long-term impact of increased return?

WHAT IS THE LONG-TERM IMPACT OF INCREASED INVESTMENT RETURN?

It may surprise you how much more you could accumulate in savings simply by repositioning assets to achieve potentially a slightly higher return. Even one, two or three percent return over a short number of years can make a dramatic difference.


Savings Information And Assumptions
Current investment balance ($)
Annual contributions ($)
Number of years to project
Before-tax return on savings (%)
Marginal tax bracket (%)

Certificate of Deposit (CD) analyzer

CERTIFICATE OF DEPOSIT (CD) ANALYZER

Use this calculator to help determine the potential interest growth and tax liability on your Certificate of Deposit.


CD Information and Assumptions
Initial balance or deposit ($)
Length of CD (months)
Annual interest rate (%)
Interest compounding frequency
Marginal tax bracket (%)

What is the dividend yield on a stock?

WHAT IS THE DIVIDEND YIELD ON A STOCK?

Dividends paid by a corporation can make up a significant portion of the cash flow generated by a stock purchase. Use this calculator to help determine your pre-tax and after-tax yield on a particular stock.

How do expenses impact mutual fund returns?

HOW DO EXPENSES IMPACT MUTUAL FUND RETURNS?

It may surprise you how sales charges, management fees and lost opportunity cost can erode the total return on your mutual fund. Use this calculator to estimate the impact these charges may have on the growth of your investment.


Input and Assumptions
Initial investment ($)
Front-end sales charge (%)
Back-end sales charge (if any) (%)
Annual operating expenses (%)
Other fees and commissions ($)
Annual investment return (%)
Number of years for the analysis

Payroll & Benefits

How much will my company bonus net after taxes?

HOW MUCH WILL MY COMPANY BONUS NET AFTER TAXES?

A bonus from your employer is always a good, however, you may want to estimate what you will actually take-home after federal withholding taxes, social security taxes and other deductions are taken out. Use this calculator to help determine your net take-home pay from a company bonus.


Bonus and Current Paycheck Information
Amount of bonus ($)
Pay period frequency
Gross earnings per pay period ($)
Filing status
Number of allowances claimed
Miscellaneous pre-tax deductions ($)
Before-tax 401(k)/403(b)/457 withholding percentage (%)
Miscellaneous post-tax deductions ($)
Post-tax reimbursements ($)

How will payroll adjustments affect my take-home pay?

HOW WILL PAYROLL ADJUSTMENTS AFFECT MY TAKE-HOME PAY?

Contributions to a qualified plan, participation in a company-sponsored cafeteria plan, change in filing status, or number of allowances claimed will have a direct impact on take-home pay. For example, due to federal tax savings, contributions to a qualified plan do not translate into a direct dollar-for-dollar tradeoff on take-home pay. Use this calculator to help compare your current situation to what-if scenarios.

Paycheck Frequency

Pay period frequency

Paycheck Information and Assumptions

	Current	What-If
Gross earnings per pay period ($)
Filing status
Number of allowances claimed
Miscellaneous pre-tax deductions ($)
Before-tax 401(k)/403(b)/457 withholding percentage
Miscellaneous post-tax deductions ($)
Post-tax reimbursements ($)

Convert my salary to an equivalent hourly wage

CONVERT MY SALARY TO AN EQUIVALENT HOURLY WAGE

Use this calculator to determine what your hourly wage equates to when given your annual salary – it may surprise you what you make on an hourly basis.

Convert my hourly wage to an equivalent annual salary

CONVERT MY HOURLY WAGE TO AN EQUIVALENT ANNUAL SALARY

Use this calculator to determine your equivalent annual salary when given what you get paid per hour – it may surprise you what you make on a yearly basis.

What is the future value of my employee stock options?

WHAT IS THE FUTURE VALUE OF MY EMPLOYEE STOCK OPTIONS?

Your company-issued employee stock options may not be ‘in-the-money’ today but assuming an investment growth rate may be worth some money in the future. Use this calculator to help determine what your employee stock options may be worth assuming a steadily increasing company value.


Stock Option Assumptions
Years until option expiration date
Total number of options
Current price (per share) ($)
Strike (grant) price (per share) ($)
Anticipated annual return on stock (%)

Should I exercise my 'in-the-money' stock options?

SHOULD I EXERCISE MY ‘IN-THE-MONEY’ STOCK OPTIONS?

When your employee stock options become ‘in-the-money’, where the current price is greater than the strike price, you can choose from one of three basic sell strategies: Exercise your options, then hold the stock for sale at a later date (exercise and hold); hold your options and exercise them later (defer exercise); or exercise your options and immediately sell the stock (exercise and sell). This calculator will help you decide which choice will likely maximize your after-tax profits.


Stock Option Assumptions
Years until option expiration date
Total number of options
Current price (per share) ($)
Strike (grant) price (per share) ($)
Anticipated annual return on stock (%)
Annual dividends (per share) ($)
Taxation And Investment Assumptions
Anticipated annual return on alternative investment (%)
Marginal tax bracket (%)
Long-term capital gains tax rate (%)

What may my 401(k) be worth?

WHAT IS THE IMPACT OF INCREASING MY 401(K) CONTRIBUTION?

It may surprise you how significant your retirement accumulation may be simply by increasing the percent of your salary that you save each month in your 401(k). Use this calculator to estimate how much more you could accumulate taking into account any employer match (if applicable).


Common Assumptions
Years until retirement
Current annual income ($)
Annual salary increases (%)
Plan Information
Current 401(k) balance ($)
Annual before-tax return on savings (%)
Pay period frequency
Employer match (%)
Maximum employer match (%)
Contribution Information
Current 401(k) plan contribution (%)
Proposed 401(k) plan contribution (%) Be sure to enter a number greater than your current contribution.

What is the impact of increasing my 401(k) contribution?

WHAT IS MY PROJECTED NET WORTH?

Assumptions

Number of years to estimate net worth

Tangible Assets

	Value	Growth
Residence ($)
Vacation home ($)
Furnishings ($)
Automobiles ($)
Rental real estate ($)
Art, jewelry, and other valuables ($)

Equity Assets

	Value	Growth
Stocks ($)
Variable annuities ($)
Limited partnerships ($)
Business interests ($)

Fixed-Principal Assets

	Value	Growth
Fixed-dollar annuities ($)
Trust deeds ($)
Other fixed-principal assets ($)

Fixed-Rate Assets

	Value	Growth
U.S. government bonds and securities ($)
Municipal bonds ($)
Corporate bonds ($)
Face-amount certificates ($)
Debt mutual funds ($)

Cash and Cash Equivalents

	Value	Growth
Checking accounts ($)
Savings accounts ($)
Money market funds ($)
Certificates of deposit ($)
Other cash reserve accounts ($)

Liabilities

	Value	Growth
Home mortgage ($)
Other mortgage ($)
Automobile loans ($)
Bank loans ($)
Personal loans ($)
Charge account debt ($)
Other debts ($)

Qualified Plans

Evaluate my company pension payout options

EVALUATE MY COMPANY PENSION PAYOUT OPTIONS

When you reach retirement, and if your company provides a pension program, you will be offered a number of payout options. Typically, they will be the Single Life and the Joint Survivor payout options. Single Life pays a higher monthly amount but stops paying once you die, whereas, the Joint Survivor will pay a lower monthly amount but will continue until both you and your spouse are deceased. This calculator will help evaluate total payout amounts under both scenarios given specified life expectancies.


Payout Options And Assumptions
Single Life pension amount (monthly) ($)
Joint Survivor pension amount (monthly) ($)
Annual cost-of-living increase (%)
Your current age
Your spouse’s current age
Your anticipated retirement age
Your anticipated life expectancy age
Your spouse’s anticipated life expectancy

How much can I contribute to an IRA?

HOW MUCH CAN I CONTRIBUTE TO AN IRA?

Many factors can affect your eligibility and contribution limits to either the Traditional IRA or Roth IRA — tax filing status, your current earned income level and whether or not you participate in a retirement plan at work. Use this calculator to help you determine whether or not you are eligible to contribute to both the Traditional IRA and Roth IRA and the maximum amount that may be contributed.

Income and Tax Status

Contribution tax year

Modified adjusted gross income ($)

Tax filing status

Employment Information and Assumptions

	You	Spouse (if applicable)
Do you participate in a retirement plan at work?
Annual earned income ($)
Age at end of year

How much retirement income can my IRA provide?

HOW MUCH RETIREMENT INCOME MAY AN IRA PROVIDE?

Your retirement income can vary widely depending on what type of IRA holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods. Use this calculator to help estimate your monthly and annual income from various IRA types.


Assumptions
Current age
Age when income should start
Number of years to receive income
Before-tax return on savings (accumulation phase) (%)
Before-tax return on savings (distribution phase) (%)
Income tax bracket (accumulation phase) (%)
Income tax bracket (distribution phase) (%)
Your annual contribution ($)
Taxation of contribution options: 1) Deductible accounts fully funded, contributions to non-deductible accounts are reduced. 2) Full contribution made to non-deductible accounts, deductible accounts given a ‘side-account’ to reflect tax savings.

Should I convert to a Roth IRA?

SHOULD I CONVERT TO A ROTH IRA?

Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted. The conversion amount is not subject to the 10% early distribution penalty. Your tax-free potential is maximized if you pay the taxes from your current income or personal savings and not from your IRA. Individuals of all income levels are eligible to convert to a Roth IRA.


Assumptions
Current age
Age when income should start
Number of years to receive income
Before-tax return on savings (accumulation phase) (%)
Before-tax return on savings (distribution phase) (%)
Income tax bracket (accumulation phase) (%)
Income tax bracket (distribution phase) (%)
Current IRA balance ($)
Non-Deductible portion of IRA balance ($)
How will you pay the conversion tax? 1) Pay taxes from non-IRA assets 2) Pay taxes from proceeds of Roth conversion

What will my qualified plan be worth at retirement?

WHAT WILL MY QUALIFIED PLAN(S) BE WORTH AT RETIREMENT?

It may surprise you how significant your retirement accumulation may be simply by contributing regularly to a qualified plan. Use this calculator to estimate how much you may accumulate by saving in a qualified plan.


Common Assumptions
Years until retirement
Current annual income ($)
Annual salary increases (%)
Annual before tax return on savings (%)
Employer-Sponsored Retirement Plans
Current balance ($)
Current plan contribution (% of salary) (%)
Employer match (Example: $ for $ match = 100%) (%)
Maximum employer match (%)
Individual Retirement Plans
Current balance ($)
Current annual contribution ($)
Rate at which contributions increase (%)

What is my current year required minimum distribution?

WHAT IS MY CURRENT YEAR REQUIRED MINIMUM DISTRIBUTION?

Current tax law specifies that once you reach age 70 1/2, you must begin taking RMDs annually from your IRAs and other retirement plans. Generally, the RMD amount is determined based on your prior year’s IRA balance of all of your IRA assets divided by your life expectancy. If RMDs are not taken annually, you may be subject to an additional 50% penalty for the amount you were supposed to take. Please note this tool is designed to provide an estimate for individuals age 70 1/2 or older.

Dates Of Birth

	Month	Day	Year
You
Beneficiary

Plan Information

Is your spouse the designated beneficiary?

Account balance at end of last year ($)

What is my projected required minimum distributions?

WHAT IS MY PROJECTED REQUIRED MINIMUM DISTRIBUTIONS?

Current tax law specifies that once you reach age 70 1/2 you must begin making taxable withdrawals from your Traditional IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, account balance at the end of the previous year, marital status and spouse’s age. If you do not meet the annual minimum distribution, you may be subject to a 50% penalty on your underpayment, plus ordinary income tax as the funds are withdrawn.

Dates Of Birth

	Month	Day	Year
You
Beneficiary

Plan Information

Is your spouse the designated beneficiary?

Account balance at end of last year ($)

Anticipated return prior to age 70 1/2 (%)

Anticipated return after age 70 1/2 (%)

What are my lump-sum distribution options?

WHAT ARE MY LUMP SUM DISTRIBUTION OPTIONS?

You’ve spent a long time accumulating funds in your retirement account. When you retire and take distribution of your funds you have many options to consider.

Plan Information

Your current age

First year of participation

Anticipated distribution amount ($)

Does distribution constitute entire plan balance?

Is distribution due to a disability?

Is distribution due to separation of services?

Income Tax Information

Tax filing status?

Anticipated taxable income this year excluding distribution ($)

Retirement Information

Anticipated retirement age

At retirement, number of years to receive payments

Rate Assumptions

	Now	At Retirement
Before tax return on savings
Anticipated federal tax rate
Anticipated state tax rate

How do I maximize my employer 401(k) match?

HOW DO I MAXIMIZE MY EMPLOYER 401(K) MATCH?

Many employees are not taking full advantage of their employer’s matching contributions. If, for example, your contribution percentage is so high that you obtain the $18,000 (year 2016) limit or $24,000 (year 2016) limit for those 50 years or older in the first few months of the year then you have probably maximized your contribution but minimized your employer’s matching contribution.


Assumptions
Pay period frequency
Current annual income ($)
Age at end of year
Primary Matching Schedule
Employer match (%)
Up to (%)
Secondary Matching Schedule (If applicable)
Employer match (%)
On next (%)

What is the impact of borrowing from my 401(k) plan?

WHAT IS THE IMPACT OF BORROWING FROM MY RETIREMENT PLAN?

Some qualified retirement plans include the option for qualifying participants to take a loan against their retirement account balance. Many people borrow from their retirement plan to pay off high-interest debt or to make a major purchase. Although the borrowing rates may be favorable, usually 1-2% above the prime rate, the impact on future retirement earnings needs to be taken into account. This calculator can help you make a more informed decision about whether a loan is the right approach for your financial situation.During the loan repayment period, if you elect to suspend ongoing contributions to the plan, your future retirement account balance may be further impacted. This analysis does not take into account any loan initiation fees that might apply. It also does not consider the impact of taking a withdrawal from the plan for financial hardship (purchase of a primary residence, college tuition, funeral expenses, etc.). Contact your plan administrator for details on the loan and withdrawal options available to you.


Loan Assumptions
Amount you intend to borrow ($)
Interest rate on loan (%)
Years until retirement
Term of loan (in years) Term must be less than years until retirement.
Anticipated pre-tax rate of return on retirement plan account (%)
Will loan proceeds be used to pay down existing debt? If you answered “Yes”, please complete the following:
Annual interest rate on debt to be paid down (%)
Is the interest deductible?
Your marginal tax bracket (%)

What is the impact of early withdrawal from my 401(k)?

WHAT IS THE IMPACT OF EARLY WITHDRAWAL FROM MY 401(K)?

Many people feel the need to withdraw funds from their 401(k) plan due to hardship or other emergency. Use this calculator to help determine the impact of lost contributions and retirement funds due to early withdrawal.


Common Assumptions
Years until retirement
Current annual income ($)
Marginal tax bracket (%)
Plan Information
Amount of early withdrawal ($)
Annual before-tax return on 401(k) (%)
Does your plan suspend contributions for six months for hardship withdrawal?
If Yes, Current 401(k) plan contribution (%)
Employer match (%)
Maximum employer match (%)

What is my maximum self-employed retirement plan contribution?

I’M SELF-EMPLOYED, HOW MUCH CAN I CONTRIBUTE TO A RETIREMENT PLAN?

Compensation for a self-employed individual (sole proprietor or partner) is that person’s earned income.* The starting point to determine the individual’s earned income is the net profit amount from the Schedule C (or Schedule K-1 for a partnership). Use this calculator to determine your maximum contribution amount for the different types of small business retirement plans, such as Individual(k), SIMPLE IRA or SEP-IRA.*Earned Income = Net Profit – 1/2 of Self-Employment Tax – Contribution


Plan Information
Type of business
Contribution tax year
Current age
Net profit from Form 1040-Schedule C ($) (or W-2 income if corporation)

Net Unrealized Appreciation (NUA)

NET UNREALIZED APPRECIATION (NUA) VS. IRA ROLLOVER?

Consideration of NUA strategy is important if you are distributing highly appreciated employer securities from your prior employer’s qualified plan, such as 401(k). Cost basis, the value of the employer contribution on your behalf is subject to ordinary income tax upon distribution. In addition, the 10% early distribution penalty may apply unless you have an exception (i.e. attained age 55 or older and separated from service). Taking in kind distribution allows the appreciation (NUA) above the cost basis to be taxed at the more favorable capital gains tax rate. For this reason, upon separation from service it may be more tax advantageous to transfer the employer securities to a regular taxable account instead of rolling the asset into an IRA where future distribution will be taxed as ordinary income.


Assets and Assumptions
Current 401(k) company stock balance ($)
Total stock purchases (cost basis) ($)
Anticipated investment return (%)
Holding period after 401(k) (years)
Holding period after 401(k) (months)
Marginal income tax rate (%)
Capital gains tax rate (%)
Separated from service PRIOR to age 55?
Current distribution PRIOR to age 59 1/2?
Final distribution PRIOR to age 59 1/2?

Retirement

How will retirement impact my living expenses?

HOW WILL RETIREMENT IMPACT MY LIVING EXPENSES?

Your living expenses may increase or decrease at retirement but will likely not stay the same. You may travel more, reduce business expenses such as eating out and transportation costs, perhaps your house will be paid off. Use this calculator to help compare living expenses now from the day you retire. This will also help you to plan your saving requirements for the day you retire.

Assumptions

Monthly or annual figures?

Itemized Income

	Pre-Retirement	Post-Retirement
Wages, salary and tips ($)
Alimony, child support (received) ($)
Dividends from stocks, etc. ($)
Interest on savings accounts, CDs, etc. ($)
Social Security benefits ($)
Pensions ($)
Other income ($)

Itemized Expenses

	Pre-Retirement	Post-Retirement
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (Social Security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

How much will I need to save for retirement?

HOW MUCH WILL I NEED TO SAVE FOR RETIREMENT?

Retirement can be the saddest or happiest day of your life. This pre-retirement calculator will help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan.


Retirement Information and Assumptions
Your current age
Current annual income ($)
Spouse’s annual income (if applicable) ($)
Current retirement savings ($)
Expected inflation (%)
Desired retirement age
Number of years of retirement income
Income replacement at retirement (%)
Pre-retirement investment return (%)
Post-retirement investment return (%)
Include Social Security (SS) benefits?
Marital status (For SS purposes only)
Social Security override amount (monthly amount in today’s dollars) ($)

Are my current retirement savings sufficient?

ARE MY CURRENT RETIREMENT SAVINGS SUFFICIENT?

One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.


Retirement Savings and Assumptions
Your current age
Current annual income ($)
Spouse’s annual income (if applicable) ($)
Current retirement savings balance ($)
Current annual savings amount ($)
Current annual savings increases (%)
Annual pension benefit at retirement ($)
Pension increases with inflation?
Expected inflation (%)
Desired retirement age
Number of years of retirement income
Income replacement at retirement (%)
Pre-retirement investment return (%)
Post-retirement investment return (%)
Include Social Security benefits?
Marital status
Social Security override amount (monthly amount in today’s dollars) ($)

Social Security retirement income estimator

SOCIAL SECURITY RETIREMENT INCOME ESTIMATOR

Depending upon your current earnings, Social Security can be a significant part of your retirement income. However, many factors will impact the benefit you may receive. Use this calculator to approximate your Social Security benefit. For a more accurate estimate, taking into account your earnings history, contact the Social Security Administration at 1-800-772-1213 or visit www.ssa.gov.


Your Information
Average annual earned income ($)
Current age
Social Security retirement age
Spouse Information (if applicable)
Average annual earned income ($)
Current age
Social Security retirement age
Common Assumptions
Social Security inflation rate (%)

How does inflation impact retirement income needs?

HOW DOES INFLATION IMPACT MY RETIREMENT INCOME NEEDS?

It may surprise you how much inflation can erode purchasing power. Use this calculator to estimate how much more income you may need when factoring in inflation between now and until you reach retirement to keep the same standard of living that you may have today.


Input and Assumptions
Current age
Desired retirement age
Life expectancy age
Current gross annual income ($)
Income to replace at retirement (%)
Anticipated inflation rate (%)

I'm retired, how long will my savings last?

I’M RETIRED, HOW LONG WILL MY SAVINGS LAST?

Due to increasing life expectancies, many are running into the problem of outlasting their savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. You may currently be in receipt of a company pension or other fixed income such as Social Security to help supplement your retirement savings account.


Income Objectives
Monthly income needed (before-tax) ($)
Annual increases (if any) (%)
Fixed Income Receipts
Monthly Social Security income ($)
Annual Social Security increases (%)
Monthly pension income ($)
Annual pension increases (if any) (%)
Monthly other income ($)
Annual other income increases (if any) (%)
Savings And Assumptions
Current account balance ($)
Annual before-tax return (%)
Desired amortization schedule

When should I begin saving for retirement?

WHEN SHOULD I BEGIN SAVING FOR RETIREMENT?

A penny saved is a penny earned, but a penny saved today is a penny potentially earning more. Use this calculator to determine how much more you could accumulate at retirement by beginning your savings plan today rather than waiting.


Savings and Assumptions
Current age
Anticipated retirement age
Annual savings amount ($)
Annual saving increases (%)
Before-tax return on savings (%)
Marginal tax bracket (%)
Compounding/savings frequency

Should I convert discretionary expenses to savings?

SHOULD I CONVERT DISCRETIONARY EXPENSES TO SAVINGS?

It may surprise you how much you can accumulate for retirement simply by foregoing a few luxuries such as a one-time purchase of a boat or cabin, or trimming back recurring monthly expenses such as eating out, movies, magazine subscriptions, cable tv programming, video rentals, vending machines, etc. Use this calculator to determine how much you could accumulate for retirement by saving instead of spending.


Expenditures and Assumptions
Cost of foregone item (one-time purchase) ($)
Cost of foregone item (monthly recurring) ($)
Number of times per month
Annual inflation on recurring item (%)
Number of years until retirement
Before-tax return on savings (%)
Marginal tax bracket (%)

How much retirement income may my 401(k) provide?

HOW MUCH RETIREMENT INCOME MAY MY 401(K) PROVIDE?

It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your 401(k) plan. Further, it may be useful to estimate your future monthly income generated by these savings and what that means in today’s dollars.


Common Assumptions
Years until retirement
Current annual income ($)
Annual salary increases (%)
Contribution Information
Current 401(k) balance ($)
Current 401(k) plan contribution (%)
Plan Information
Pay period frequency
Employer match (% of gross income) (%)
Annual before-tax return: conservative (%)
Annual before-tax return: moderate (%)
Annual before-tax return: aggressive (%)
Withdrawal Information
Years during retirement
Return during retirement (%)
Estimated inflation (%)

Compare Roth 401(k) to Traditional 401(k)

COMPARE A ROTH 401(K) TO A TRADITIONAL 401(K)

Your retirement income can vary widely depending on what type of account holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods. Use this calculator to help compare employee contributions to the new after-tax Roth 401(k) and the current tax-deductible 401(k).


Savings and Assumptions
Current age
Age when income should start
Number of years to receive income
Before tax return on savings (accumulation phase) (%)
Before tax return on savings (distribution phase) (%)
Income tax bracket (accumulation phase) (%)
Income tax bracket (distribution phase) (%)
Your annual contribution ($)
Taxation of contribution options 1) Traditional 401(k) deductible account fully funded, contributions to Roth 401(k) non-deductible account are reduced 2) Full contribution made to Roth 401(k) non-deductible account, Traditional 401(k) account given a ‘side-account’ to reflect tax savings

Savings

Becoming a millionaire

BECOMING A MILLIONAIRE

It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars and reach your goal to be a millionaire.


Savings and Assumptions
Current age
Age to become millionaire
Initial balance or deposit ($)
Annual increase on new savings (%)
Before-tax return on savings (%)
Marginal tax bracket (%)
Anticipated inflation rate (%)

Income generated by a savings plan

INCOME GENERATED BY A SAVINGS PLAN

Saving regularly can help you achieve your future income goals. Use this calculator to determine how much income an existing balance and/or a regular savings plan can provide.


Savings and Assumptions
Current age
Age when income should start
Number of years to receive income
Current savings balance ($)
Annual savings amount ($)
Annual savings increase (%)
Before-tax return on savings (%)
Marginal tax bracket (%)

How long will it take to double my money?

HOW LONG WILL IT TAKE TO DOUBLE MY SAVINGS?

Compound interest can have a dramatic effect on the growth of a single deposit. By dividing 72 by your investment return you can determine the amount of time required for your money to be worth about twice as much as it is today.

How long until my savings reach my goal?

HOW LONG UNTIL MY SAVINGS REACH MY GOAL?

Compound interest can have a dramatic effect on the growth of a single deposit. Use this calculator to determine how many years an existing savings account will take to reach your stated objective.

Save now vs. save later calculator

SAVE NOW VS. SAVE LATER

A penny saved is a penny earned, but a penny saved today is a penny earning more. It is important to start saving as soon as possible for events such as retirement due to the impact of compounding. If you start saving now you will need to save considerably less than if you wait a few years. Use this calculator to determine how much extra you will need to save if you wait.

How much should I save to reach my goal?

HOW MUCH SHOULD I SAVE TO REACH MY GOAL?

What are you saving for: a computer, car, boat, summer home, down payment? Use this calculator to determine what you need to save on a regular basis to have the funds ready when needed.


Savings and Assumptions
Current savings balance ($)
Future amount desired ($)
Number of years until needed
Annual increase on recommended savings (%)
Before-tax return on savings (%)
Marginal tax bracket * (%)

What will my current savings grow to?

WHAT COULD MY CURRENT SAVINGS GROW TO?

Compound interest can have a dramatic effect on the growth of series of regular savings and initial lump sum deposits. Use this calculator to determine the future value of your savings and lump sum.


Savings and Assumptions
Initial balance or deposit ($)
Annual savings amount ($)
Annual increase in contributions (%)
Number of years for the analysis
Before-tax return on savings (%)
Marginal tax bracket (%)

Calculate rate of return

CALCULATE RATE OF RETURN

The rate of return (ROR), sometimes called return on investment (ROI), is the ratio of the yearly income from an investment to the original investment. The initial amount received (or payment), the amount of subsequent receipts (or payments), and any final receipt (or payment), all play a factor in determining the return. Use this rate of return calculator to calculate these returns.


Information and Assumptions
Number of periods to consider
Initial receipt/payment(-) ($)
Regular receipts/payments(-), if applicable ($)
Final receipt/payment(-), if applicable ($)

What is my effective annual yield?

WHAT IS THE EFFECTIVE ANNUAL YIELD ON MY INVESTMENT?

The number of compounding periods per year will affect the total interest earned on an investment. For example, if an investment compounds daily it will earn more than the same investment with the same stated/nominal rate compounding monthly. Use this calculator to determine the effective annual yield on an investment.

Business

Tax savings of a qualified retirement/cafeteria plan

WHAT ARE THE TAX SAVINGS OF A QUALIFIED RETIREMENT/CAFETERIA PLAN?

Implementation of a Qualified Plan and/or Section 125 Cafeteria Plan can result in significant tax savings and benefits to both the employer and employee. Use the following calculator to estimate the potential savings generated by implementing one or both of these plans.


Input
Average employee gross pay per period ($)
Average employee state and federal tax rate (%)
Average employee post-tax retirement savings ($)
Average employee post-tax expenses ($)
Keep same net take-home pay?
Employer match on qualified plan ($)
Total number of eligible employees