When Can We Retire

Name: When Can We Retire
Price: 1.99 USD
Rating: 0 (0 reviews)
Author: Grow Nest Egg, LLC

Retirement Age Calculator

$1.99 · Designed for iPad

Ages

4+
Years
Category

Finance
Developer

Grow Nest Egg, LLC
Size

49.7
MB

Find out when you and your spouse can retire together. This unique app calculates your realistic retirement age by considering the current laws on retirement plans. You and your spouse may have retirement savings in a 401(k) plan, IRA, or cash and investments. **App Highlights**   *The "When Can We Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income. *This unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan and IRA before you turn 59 ½ without incurring a possible 10% penalty. *This app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k) for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older. *The app considers the combined total of your contributions and employer matching contributions cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older. *This app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan. *The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others. *This app saves your inputs and retains them across the launches upon successful retirement age calculation. *You can share the app via email, Facebook, or Twitter from within the app.   Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/