Complete Retirement Plan

Preview limitations

This screen models Florida, Texas, Alaska, Nevada, South Dakota, Tennessee, Wyoming, New Hampshire, restricted New York, restricted Maryland, restricted Indiana, restricted DC, restricted Illinois, restricted New Jersey, restricted Pennsylvania, restricted Colorado, restricted New Mexico, restricted Minnesota, restricted Utah, restricted Connecticut, restricted Vermont, restricted Montana, restricted Rhode Island, restricted California, restricted Virginia, restricted Arizona, restricted Georgia, restricted North Carolina, restricted South Carolina, restricted Ohio, restricted Massachusetts, restricted Iowa, restricted Mississippi, restricted Missouri, restricted Washington, restricted Alabama, restricted Arkansas, restricted Delaware, restricted Kansas, restricted Kentucky, restricted Nebraska, restricted West Virginia, restricted Idaho, restricted Louisiana, restricted Michigan, restricted Oklahoma, restricted Wisconsin, restricted Hawaii, restricted Maine, restricted North Dakota or restricted Oregon scenarios and the supported account contracts described in the account editor. New York, Maryland, Indiana, DC, Illinois, New Jersey, Pennsylvania, Colorado, New Mexico, Minnesota, Utah, Connecticut, Vermont, Montana, Rhode Island, California, Virginia, Arizona, Georgia, North Carolina, South Carolina, Ohio, Massachusetts, Iowa, Mississippi, Missouri, Washington, Alabama, Arkansas, Delaware, Kansas, Kentucky, Nebraska, West Virginia, Idaho, Louisiana, Michigan, Oklahoma, Wisconsin, Hawaii, Maine, North Dakota and Oregon each require explicit acceptance of an enacted-law pre-credit scenario, including New York’s scheduled 2027 and 2033 changes, Montana’s already-enacted, lower 2027 bracket schedule, Mississippi’s already-enacted 2027-2030 rate step-downs, Washington’s already-enacted 2025 tiered-rate change, Kentucky and Nebraska’s already-enacted rate step-downs, and Maine’s already-enacted 2026 surcharge; future legislation is not predicted for any of the forty-three. Alaska, Nevada, South Dakota and Wyoming have no individual income tax at all. Tennessee's only tax on individual income, the Hall Tax on interest and dividends, was fully repealed starting tax year 2021, and New Hampshire's only tax on individual income, its Interest and Dividends Tax, was fully repealed starting tax year 2025; neither state has ever taxed wages, pensions or retirement-account distributions. Maryland rates only Baltimore City, Frederick County and Montgomery County, and its pension exclusion covers only entered pension income for owners 65 or older. Indiana rates only Marion, Allen and Vanderburgh counties, and its civil service annuity deduction covers only entered pension income for owners 62 or older. DC has no local income tax and no working pension exclusion (its $3,000 exclusion expired before 2015), so entered pension income is fully taxable there. Illinois has no local income tax and fully exempts pension income at any owner age, plus this planner’s combined 401(k)/IRA/annuity distribution figure, but its exemption allowance disappears entirely above $250,000/$500,000 federal AGI. New Jersey has no local income tax and excludes pension/IRA/annuity income only when an owner is 62 or older and household income is $150,000 or less, capped and phased down by filing status. Pennsylvania has no standard deduction or exemption at all, but fully excludes pension and normal retirement-account income from state tax; its local Earned Income Tax (Philadelphia, Pittsburgh or Allentown only) applies only to wages, never to retirement income. Colorado applies its flat rate to federal taxable income directly (no separate state standard deduction), fully excludes Social Security for an owner 65+ (or 55-64 under an income limit), and separately excludes pension income up to $20,000-$24,000 per owner depending on age, sharing the cap with that owner’s own Social Security when the general cap applies. New Mexico has no local income tax and starts from federal AGI less the federal standard deduction, layering an income-tested Social Security exemption, a graduated age-65-or-blind exemption and a Low- and Middle-Income Tax Exemption on top. Minnesota has no local income tax, uses its own (non-federal) standard deduction, and excludes pension income only through a narrow public-pension subtraction this planner cannot verify, so pension income is otherwise fully taxable there. Utah has no local income tax and no standard deduction at all; Social Security instead gets an income-phased nonrefundable credit, and Utah’s general Taxpayer Tax Credit is applied before its Social Security credit, assuming no dependents and using held 2025 phaseout base amounts; its separate birth-year-gated Retirement Credit is not modeled. Connecticut has no local income tax and uses its own step-down personal exemption; Social Security uses a worksheet-based partial exclusion above $75,000/$100,000 federal AGI whose federal input is approximated, and pension/retirement-account income shares a single phase-out that overstates the exclusion for IRA distributions and does not carve out military, Railroad Retirement or teachers’ retirement pay. Vermont has no local income tax and uses its own standard deduction and personal exemption; the household is assumed to elect whichever gives the larger subtraction between excluding Social Security or up to $10,000 of federal/other-government pension income, tax-exempt interest is added back as fully Vermont-taxable, and Vermont’s separate Military Retirement Income Exemption is not modeled. Montana has no local income tax and no separate state standard deduction or personal exemption, starting instead from federal taxable income plus a $5,810-per-spouse age-65 subtraction (statute-derived for 2026); Social Security is fully taxable, Montana’s separate 3%/4.1% rates on net long-term capital gains are applied, and its working-military-retiree subtraction is not modeled. Rhode Island has no local income tax and uses the same bracket thresholds for every filing status; its standard deduction and exemption phase out above $261,000 modified AGI, and Social Security and pension income are each excluded only for a spouse who has reached SSA full retirement age while household AGI stays under a threshold still sourced from 2025 figures pending Rhode Island’s 2026 publication. California has no local income tax, excludes Social Security, but gives no special exclusion for any other retirement income at any age; its personal/blind/senior exemptions are tax credits rather than income deductions, and an additional 1% surtax applies above $1,000,000 taxable income. Virginia has no local income tax and uses the same brackets for every filing status; it excludes Social Security and gives an Age Deduction of up to $12,000 per spouse 65 or older, phased down once household AGI exceeds $50,000/$75,000, while its growing military retirement pay subtraction is not modeled. Arizona has no local income tax and a flat 2.5% rate; it excludes Social Security and up to $2,500 per owner of federal/state/local government pension income, while private pension income and this planner's 401(k)/IRA/annuity figure remain fully taxable, and the separate, uncapped military retirement subtraction is not modeled. Georgia has no local income tax and a flat 5.19% rate; it excludes Social Security and gives each spouse 62+ a Retirement Income Exclusion (up to $35,000, or $65,000 at 65+) covering their own pension income, up to $5,000 of their own wages, and that owner's own attributed 401(k)/IRA/annuity distributions, but not taxable interest, dividends, capital gains or rental income, which this planner cannot track per owner. North Carolina has no local income tax and a flat 3.99% rate; it excludes Social Security, but its Bailey settlement exclusion for certain vested NC/federal government pensions and its separate Uniformed Services retirement deduction are not modeled, since this planner cannot verify a modeled owner's years of service as of a historical date or whether a pension is a military retirement, so all pension and this planner's 401(k)/IRA/annuity income remain fully taxable there. South Carolina has no local income tax and, under its 2026 restructuring, a two-bracket schedule (1.99%/5.21%) on federal AGI less a phased-out Income Adjusted Deduction; it excludes Social Security and gives each owner up to $3,000-$10,000 of general retirement deduction plus an Age 65 Deduction of up to $15,000 per spouse, while its more generous military retirement deductions are not modeled. Ohio has a flat 2.75% rate above $26,050 of taxable nonbusiness income, a MAGI-tiered exemption instead of a standard deduction, and excludes Social Security; its small Retirement Income and Senior Citizen credits are modeled, but the Joint Filing Credit, lump-sum credits and Ohio's separate municipal/school-district income taxes are not. Massachusetts has no local income tax and a flat 5% rate plus an additional 4% Fair Share surtax above $1,107,750 taxable income; it has no standard deduction, only personal exemptions plus age-65 and blindness add-ons, and excludes Social Security and government contributory pension income (federal or other-government), while private/unspecified pension income and this planner's 401(k)/IRA/annuity figure remain fully taxable, and its state-by-state out-of-state government pension reciprocity test is not modeled. Iowa applies its flat 3.8% rate to federal taxable income with no separate state standard deduction, plus a small $40/$80 Personal Credit and $20 per owner 65+ or blind against tax; it excludes Social Security and, for each owner 55 or older, that owner's qualifying pension and actual taxable IRA/workplace distributions, including Roth conversions. Nonqualified annuities are not excluded, and unreconciled owner attribution is blocked. Military, disability and survivor-specific eligibility are not modeled. Mississippi exempts the first $10,000 of taxable income per spouse, taxing the remainder at its enacted, unconditionally scheduled rate (4.0% for 2026, stepping to 3.0% by 2030); it fully exempts Social Security and pension income, and this planner's 401(k)/IRA/annuity figure except the portion proxied by the federal early-distribution penalty. Missouri taxes income above its federal-conforming standard deduction under a shared graduated schedule topping out at 4.7%; it fully deducts Social Security for an owner 62+, exempts public pension income up to a per-owner cap tied to the maximum Social Security benefit, and separately exempts up to $6,000 per owner of private pension and this planner's 401(k)/IRA/annuity figure, phased out at higher household income; Missouri's separate military retirement exemption is not modeled. Washington has no individual income tax, but imposes a 7% excise tax (9.9% above $1,000,000 of taxable gain) on long-term capital gains over a $278,000 deduction shared by a married couple; retirement-account distributions and real estate sales are never capital gains here, and wages, pensions, Social Security and short-term gains are untaxed. Alabama has graduated 2%/4%/5% brackets, an income-tested standard deduction, and an uncapped deduction for federal income tax paid; it excludes Social Security and treats income entered as annual pension as an exempt defined-benefit pension regardless of pensionType, while this planner's 401(k)/IRA/annuity figure remains fully taxable, and Alabama's local occupational taxes are not modeled. Arkansas has graduated brackets from 0% to 3.7% and a small standard deduction; it excludes Social Security and gives each owner up to $6,000 of combined pension and 401(k)/IRA/annuity exclusion, but not Arkansas's separate unlimited military retirement exemption or its net-capital-gain exclusion. Delaware has graduated brackets from 0% to 6.6%; it excludes Social Security and gives an owner 60 or older up to $12,500 of pension plus retirement-account income (not shared with a spouse, and excluding Delaware's broader investment-income eligible-income test), or up to $2,000 for a younger owner's pension only. Kansas has graduated brackets from 5.2% to 5.58%, a standard deduction, and a consolidated exemption allowance; it excludes Social Security and treats income entered as annual pension with a government pensionType as a specifically-exempt retirement benefit, while this planner's 401(k)/IRA/annuity figure remains fully taxable. Kentucky has a flat 3.5% rate and a $3,360 per-taxpayer standard deduction; it excludes Social Security and gives each owner up to $31,110 of combined pension and 401(k)/IRA/annuity exclusion, but not Kentucky's separate, larger pre-1998 government-service exemption. Nebraska uses the published draft 2026 schedule (2.46%/3.51%/4.55%), $8,850/$17,700 standard deductions and $176 per-person credit, then the draft 2027 schedule (2.46%/3.51%/3.99%), $9,100/$18,200 deductions and $181 credit, held for later years. Its 2026 age/blind addition still uses 2025 amounts; it excludes Social Security, but not military retirement pay or CSRS federal civil service annuities, which this planner cannot identify. West Virginia has graduated brackets from 2.11% to 4.58%, the same for every supported filing status, no standard deduction, and a $2,000 per-person exemption; it excludes Social Security in full below $50,000 single/$100,000 married AGI (65% above), gives each owner up to $2,000 of government-pension exclusion, and gives an owner 65 or older up to $8,000 of further exclusion against that owner's other income, but not its separate uncapped police, firefighter or military retirement exemptions. Idaho has a flat 5.3% rate above a 0%-taxed threshold and a federal-conformity standard deduction; it excludes Social Security and Railroad Retirement in full and gives a household-level Retirement Benefits Deduction for pension income with a federal-government pensionType for an owner 65 or older, reduced by gross Social Security received, but not Idaho's separate firefighter, police or military retirement exclusions. Louisiana has a flat 3% rate and a standard deduction with no personal exemption; it excludes Social Security and any state/local/federal government pension in full at any age, and gives each owner 65 or older up to $12,000 of further exclusion covering private pension and this planner's 401(k)/IRA/annuity figure. Michigan has a flat 4.25% rate and a per-person personal exemption; it excludes Social Security in full at any income and, under its 2026 fully-phased-in rules, excludes pension income of any pensionType plus this planner's 401(k)/IRA/annuity figure up to a combined household cap, with no age restriction, but not its separate age-67 standard-deduction alternative. Oklahoma uses the enacted 2026 brackets of 0%/2.5%/3.5%/4.5%, a standard deduction, a per-person exemption and a further $1,000 per-person exemption for an owner 65 or older under a low household-AGI test; it excludes Social Security in full and gives each owner up to $10,000 of combined pension and 401(k)/IRA/annuity exclusion at any age, but not its separate, uncapped military retirement and CSRS-in-lieu-of-Social-Security exemptions. Wisconsin has graduated brackets from 3.5% to 7.65%, a linearly-approximated income-phased standard deduction and a per-person exemption with an add-on for an owner 65 or older; it excludes Social Security and military retirement pay in full and gives an owner 67 or older up to $24,000 of combined pension and 401(k)/IRA/annuity exclusion, but not its separate low-income age-65 subtraction or pre-1964 government pension exemption. Hawaii uses enacted year-specific brackets (1.4% to 11% in 2026, up to 13% from 2027), scheduled standard deduction increases through 2031, and a per-person personal exemption; it excludes Social Security and Railroad Retirement Tier 1 benefits in full and requires explicit Hawaii pension treatment, blocking mixed or unknown classifications. Traditional IRA/401(k) sources require explicit taxable or single-source exempt employer/rollover confirmation. Mixed sources and exempt-account basis/contributions/conversions are unsupported. Maine uses owner-attributed eligible retirement income, source-level early-distribution exclusions, and income-tested deductions. The pension phaseout temporarily uses 2025 federal-AGI thresholds, not verified 2026 amounts. Future indexed parameters use the editable tax-growth assumption; unsupported early pension/workplace eligibility is blocked. See the Maine confirmation for full limitations. North Dakota starts from federal taxable income directly, with no separate state standard deduction or personal exemption, under graduated brackets from 0% to 2.5%; it excludes Social Security and Tier 1 Railroad Retirement Board benefits in full and applies its 40% exclusions to eligible net long-term gains and qualified dividends before the federal taxable-income cap, using published 2026 ND-1ES brackets held fixed for future years, but not its military pay, licensed peace officer retirement, Native American income or Marriage Penalty Credit provisions. Oregon has graduated brackets from 4.75% to 9.9%, a standard deduction with an age-65-or-blind add-on and a $263-per-exemption credit phased out at higher federal AGI; it excludes Social Security and Tier 1 Railroad Retirement Board benefits in full and uses published 2026 DOR parameters (including the updated $2,910/$5,820 standard deduction) and stepped federal tax subtraction caps (up to $8,750), with age/blind additions confirmed in 2026 guidance and age 65 tested as of January 1 following the tax year, freezing future parameters, and limiting federal liability to modeled regular income tax, but not its federal pension income subtraction for pre-October-1991 service, Retirement Income Credit or one-time kicker credit. Oregon SHS/PFA use the separate explicit jurisdiction and no-special-adjustments contract; SHS ends after 2030, PFA includes the scheduled 2028 rate increase, and Portland Arts Tax is omitted. Workplace contributions use verified scenario limits. IRA contributions use the restricted annual eligibility model with explicit coverage and deduction choices. Unsupported account or tax cases are blocked rather than approximated. Do not use these results to make financial decisions.

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Some federal deductions that mainly help working years are not modeled: the 2025-2028 deductions for qualified tips, overtime premium pay and vehicle loan interest, because this planner has no inputs for those items, so federal and state tax can be overstated for a household that has them. The enhanced senior deduction ($6,000 per qualifying person through 2028) is modeled.

Growth & threshold assumptions

Growth rates are editable scenario assumptions, not forecasts. Indexed federal thresholds and workplace limits follow spending inflation unless overridden. Social Security taxability thresholds stay fixed at $25,000/$34,000 single and $32,000/$44,000 married filing jointly, since they’ve never been inflation-indexed by law. Other non-indexed thresholds also remain fixed. Contribution limits use category-specific increments; annual saving requests and pensions remain fixed nominal amounts. Optional IRMAA uses the household threshold-growth rate and a separate surcharge-cost growth assumption. Base Medicare premiums remain in spending. State retirement-tax accuracy is unfinished.

Results & table notes

Results are estimates only. No information entered is stored or shared. Tax estimates include federal income tax, FICA, state income tax, and supported local city income taxes where applicable. Table amounts are nominal USD, rounded for display only; dates are prorated, but the engine uses annual — not monthly — growth.

Model assumptions & unfinished features

• Florida full-year resident individual income-tax treatment: state and local income tax are zero. Assumes all modeled income is free of another jurisdiction's income tax; cross-border work and part-year moves are unsupported. Holds current treatment through the horizon. Property, sales and business taxes are not calculated.
• Standard-deduction U.S. resident estimate: IRA deductions require verified funded amounts; no IRA/Social Security worksheet interaction, itemization, credits, self-employment, foreign exclusions or AMT preference adjustments.
• Capital carryovers are household totals; survivor/filing-status changes require owner attribution before using this state.
• AMT assumes regular and AMT asset basis and loss carryovers are identical; separate AMT carryovers and credits are not modeled.
• Annual transactions precede growth; pensions are fully taxable. Only explicit traditional 401k employee deferrals reduce wage income tax; contribution eligibility/limits require separate validation.
• Stock/ESPP returns are price-only and sales use supplied lot order with zero fees. Dividend cash must be supplied separately; reinvestment is not generated.
• Annuities require post-1982 nonqualified pre-annuity contracts/groups, no surrender charges and no underwater loss. Other treatments fail explicitly.
• Future tax values project 2026 law using explicit bracket/payroll growth, not published future tables. Statutory fixed thresholds remain nominal; the senior deduction expires after 2028.
• Income/contribution timing uses calendar-day proration; distributions and new lots use December 31 holding/age tests, followed by full annual growth. This is not monthly transaction timing.
• Workplace capacities and employer-match terms are externally verified. Opt-in annual IRA policies compute projected eligibility only for supported wages/pensions without investment income, conversions, withdrawals or spousal compensation; other IRA capacities remain external assumptions.
• IRMAA is not included unless explicit enrollment and income-history assumptions are supplied.
• Spending/taxes take priority: contribution requests are capped then proportionally reduced to available external income. No retirement withdrawals fund contributions.
• Unfunded spending is reported, not borrowed. Later income cannot erase a prior failure. No survivor transitions or strategy optimization are performed.