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Financial Squirrel
Retirement Planning Tool
Personal & Confidential
01 Profile
Filing status
State income tax
Your current age
Retirement age
02 Monthly Spending
Monthly expenses (today's $)
General inflation rate
Historical avg 2.5–3.5% · Fed target 2% · Recommended default: 2.75%
03 Healthcare
Monthly cost (today's $)
Medicare inflation
2025 Medicare estimate: Part B $185 + Part D $45 + Medigap $200 ≈ $430/mo · inflates with general CPI
04 Traditional 401(k)
Every dollar withdrawn is taxable income · Contributions stop at your selected retirement age
Current 401(k) balance
Monthly contribution
Employer match (% of your contribution)
Expected annual return
Safe withdrawal rate
05 Roth IRA — withdrawals are 100% tax-free · no RMDs
2025 contribution limit: $7,000/yr ($583/mo) · Tax-free growth and withdrawals · No Required Minimum Distributions
Current Roth IRA balance
Monthly contribution (max $583)
Expected annual return
Withdrawal strategy in retirement
Roth First
Use tax-free money first. Keeps 401k taxable income lower early on.
Blended
Pull from both proportionally. Smooths tax exposure year over year.
401k First
Drain 401k before Roth. Preserves Roth for later years or heirs.
06 Social Security — Your Benefit
Estimated monthly benefit at full retirement age (67)
Claiming age
Find your estimate free at ssa.gov/myaccount
07 Additional Monthly Income
Every dollar here reduces what your portfolio must cover — and lowers your tax bill too.
Spouse / Partner Social Security
Spouse monthly benefit at FRA
Spouse claiming age
Part-Time Work
Monthly income from work
For how many years into retirement
Pension / Rental / Other (ongoing)
Monthly amount
Projected 401(k)
Projected Roth IRA
Total Portfolio
Monthly Taxes · Day 1
Monthly Need · Day 1
Net Position · Day 1
All retirement income sources — day 1
Portfolio runway
Retirement day 1+40 years
Portfolio balance through retirement
Both accounts combined · conservative post-retirement return · withdrawals grow with inflation each year
2025 Federal tax brackets — day 1 withdrawal scenario
Retirement income composition
Effective tax rate vs annual 401k withdrawal
Federal only · · Roth withdrawals excluded · standard deduction applied
Total projected portfolio (401k + Roth) — monthly contribution × years to retirement
Employer match and return rates from inputs applied · outlined cell = closest to your current inputs
Under $250K
$250K–$500K
$500K–$1M
$1M+
Current selection